Orla Mining Ltd (AMEX: ORLA) stock jumped 1.39% on Monday to $2.92 against a previous-day closing price of $2.88. With 0.52 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.47 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $2.9200 whereas the lowest price it dropped to was $2.8300. The 52-week range on ORLA shows that it touched its highest point at $5.02 and its lowest point at $2.84 during that stretch. Beta for the stock currently stands at 1.43.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ORLA was down-trending over the past week, with a drop of -0.34%, but this was down by -17.28% over a month. Three-month performance dropped to -37.20% while six-month performance fell -36.93%. The stock lost -14.62% in the past year, while it has lost -27.72% so far this year.

Float and Shares Shorts:

At present, 305.81 million ORLA shares are outstanding with a float of 200.61 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.64 million, which was 2.02% higher than short shares on Sep 28, 2023. In addition to Mr. Jason Douglas Simpson P.Eng. as the firm’s President, CEO & Director, Mr. Etienne Morin serves as its Chief Financial Officer.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ORLA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ORLA analysts setting a high price target of $5.83 and a low target of $3.64, the average target price over the next 12 months is $4.81. Based on these targets, ORLA could surge 99.66% to reach the target high and rise by 24.66% to reach the target low. Reaching the average price target will result in a growth of 64.73% from current levels.

Summary of Insider Activity:

Insiders traded ORLA stock several times over the past three months with 4 Buys and 10 Sells. In these transactions, 105,712 shares were bought while 550,212 shares were sold. The number of buy transactions has increased to 49 while that of sell transactions has risen to 58 over the past year. The total number of shares bought during that period was 5,876,205 while 2,665,435 shares were sold.

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