Ormonde Mining plc (LON:ORM) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as low as $3.38. Ormonde Mining shares last traded at $3.55, with a volume of 298,779 shares.
Separately, Shore Capital reissued a “hold” rating on shares of in a report on Wednesday, June 19th.
The business has a fifty day moving average price of GBX 3.53. The stock has a market capitalization of $16.77 million and a P/E ratio of -35.50.
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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