Ormonde Mining (LON:ORM) Stock Price Crosses Above 50-Day Moving Average of $3.18

Ormonde Mining plc (LON:ORM) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.18 and traded as high as $2.80. Ormonde Mining shares last traded at $2.50, with a volume of 569,363 shares trading hands.

Separately, Shore Capital reiterated a “not rated” rating on shares of Ormonde Mining in a report on Wednesday, June 19th.

The firm has a fifty day simple moving average of GBX 3.17. The company has a market cap of $13.23 million and a P/E ratio of -28.00.

Ormonde Mining Company Profile (LON:ORM)

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.

Further Reading: Intrinsic Value and Stock Selection

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