Ormonde Mining (LON:ORM) Share Price Crosses Below 50-Day Moving Average of $3.34

Ormonde Mining plc (LON:ORM)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.34 and traded as low as $3.00. Ormonde Mining shares last traded at $3.00, with a volume of 89,500 shares.

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

The firm has a 50-day moving average price of GBX 3.30. The firm has a market capitalization of $14.41 million and a PE ratio of -30.50.

About Ormonde Mining (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.

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