It’s Not A Fantasy To Think That Orla Mining Ltd (ORLA) Has Big Future Potential

Orla Mining Ltd (AMEX:ORLA) currently has a daily average trading volume of 618.78K but it saw 1397999 shares traded in last market. With a market cap of 2.22B USD, the company’s current market price of $6.91 came rising about 6.31 while comparing to the previous closing price of $6.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.54 and as low as $3.16. In the recent trading on the day, stock has struck highest price mark of $6.56 while lowest mark touched by it was $6.95.

Taking a look at 20-day trading activity of Orla Mining Ltd (ORLA) gives us an average price of $5.98, while its current price level is 5.74% below from 52-week high level whereas it is 118.67% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.55 while that of 200 days or SMA-200 reads an average of $4.48. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.15% during that period while stretching the period over a month that increases to 4.32%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 74.63 which implies that the stock is in overbought territory.

Over the week, ORLA’s stock price is moving 14.78% up while it is 15.55% when we observe its performance for the past one month. Year-to-date it is 24.73% up and over the past year, the stock is showing an upside performance of 94.65%.

The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. Moreover, analysts are in estimates of $95.04M for current-quarter revenue.

Currently, Orla Mining Ltd’s total number of outstanding shares is 320.87M with 34.48% of that held by the insiders while 47.86% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.82% and return on equity (ROE) at 0.95%. It has a price to earnings ratio (P/E ratio) of 1919.44. Stock’s beta reads 1.37. Stock has a price to book (P/B) ratio of 4.61 while price to sale or P/S ratio amounts to 7.08. Its return on asset (ROA) is 0.70% on average.