Insider Selling: Orla Mining Ltd. (TSE:OLA) Senior Officer Sells C$1,007,110.00 in Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer Etienne Morin sold 77,470 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$13.00, for a total value of C$1,007,110.00.

Orla Mining Price Performance

OLA traded up C$0.10 on Tuesday, hitting C$13.03. 524,155 shares of the company were exchanged, compared to its average volume of 635,585. Orla Mining Ltd. has a fifty-two week low of C$4.60 and a fifty-two week high of C$13.76. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The firm has a market capitalization of C$2.95 billion, a P/E ratio of 278.51 and a beta of 1.57. The business’s fifty day moving average is C$10.22 and its 200 day moving average is C$7.95.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Cormark boosted their price objective on shares of Orla Mining from C$10.00 to C$12.00 in a research note on Thursday, March 20th. Scotiabank boosted their price target on shares of Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Finally, Stifel Nicolaus set a C$15.50 price target on Orla Mining and gave the company a “buy” rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$11.86.

Orla Mining Company Profile

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.