With 321.68M Outstanding Shares, Can Orla Mining Ltd (AMEX: ORLA) Deliver Big Short-Term Gains?

Orla Mining Ltd (AMEX:ORLA) currently has a daily average trading volume of 1.27M but it saw 2441028 shares traded in last market. With a market cap of 3.53B USD, the company’s current market price of $10.95 came falling about -1.17 while comparing to the previous closing price of $11.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.95 and as low as $3.24. In the recent trading on the day, stock has struck highest price mark of $9.8401 while lowest mark touched by it was $11.0.

Taking a look at 20-day trading activity of Orla Mining Ltd (ORLA) gives us an average price of $9.91, while its current price level is -8.37% below from 52-week high level whereas it is 237.96% 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 $8.58 while that of 200 days or SMA-200 reads an average of $5.67. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.19% during that period while stretching the period over a month that increases to 7.31%. 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 65.06 which implies that the stock is in neutral territory.

Over the week, ORLA’s stock price is moving -2.06% down while it is 21.26% when we observe its performance for the past one month. Year-to-date it is 97.65% up and over the past year, the stock is showing an upside performance of 175.82%.

The company is expected to be releasing its next quarterly report in May, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. Moreover, analysts are in estimates of $162.74M for current-quarter revenue.

Currently, Orla Mining Ltd’s total number of outstanding shares is 321.68M with 34.25% of that held by the insiders while 50.12% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 17.49% and return on equity (ROE) at 19.60%. It has a price to earnings ratio (P/E ratio) of 40.48. Stock’s beta reads 0.68. Stock has a price to book (P/B) ratio of 6.94 while price to sale or P/S ratio amounts to 10.27. Its return on asset (ROA) is 15.69% on average.