Orla Mining (NYSEAMERICAN:ORLA) Trading Up 4.6% – Here’s What Happened

by · The Cerbat Gem

Orla Mining Ltd. (NYSEAMERICAN:ORLA – Get Free Report)’s stock price was up 4.6% during mid-day trading on Wednesday . The stock traded as high as $5.74 and last traded at $5.72. Approximately 162,718 shares were traded during trading, a decline of 63% from the average daily volume of 439,195 shares. The stock had previously closed at $5.47.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Desjardins raised Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th.

View Our Latest Research Report on ORLA

Orla Mining Trading Up 3.1 %

The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -546.45 and a beta of 0.76. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in Orla Mining during the third quarter worth $43,000. Kitching Partners LLC bought a new position in shares of Orla Mining during the third quarter valued at about $48,000. Walleye Capital LLC bought a new position in shares of Orla Mining during the third quarter valued at about $69,000. DF Dent & Co. Inc. bought a new stake in Orla Mining in the third quarter worth about $80,000. Finally, Sanctuary Advisors LLC bought a new stake in Orla Mining in the third quarter worth about $90,000. 43.04% of the stock is currently owned by institutional investors.

About Orla Mining

(Get Free Report)

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.

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