Ormonde Mining (LON:ORM) Shares Cross Above 50 Day Moving Average of $2.88
Ormonde Mining plc (LON:ORM) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.88 and traded as high as $2.00. Ormonde Mining shares last traded at $1.85, with a volume of 1,223,360 shares changing hands.
Separately, Shore Capital reaffirmed a “not rated” rating on shares of Ormonde Mining in a research report on Wednesday, June 19th.
The company has a market capitalization of $10.64 million and a PE ratio of -22.52. The stock’s 50 day simple moving average is GBX 2.85 and its 200-day simple moving average is GBX 3.54.
Ormonde Mining plc engages in the acquisition, exploration, and development of mineral resource projects in Spain. The company holds a 30% interest in the Barruecopardo tungsten project located in the Salamanca province in western Spain. It also has 100% interest in the La Zarza project, a sulphide deposit with copper, zinc, and gold resources in the Iberian Pyrite Belt mining district in southwest Spain, as well as carries out gold exploration in the Salamanca and Zamora provinces in Spain.
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