Paul Mann, an insider at Orla Mining Ltd. (TSE: OLA), sold 15,864 shares of the company on December 16, 2023. The shares were sold at an average price of C$18.40, resulting in a total transaction value of C$291,897.60. Following this transaction, Mann retained ownership of 205,647 shares, which are valued at approximately C$3,783,904.80. This sale represents a decrease of 7.16% in Mann’s stake in the company.
The performance of Orla Mining’s stock was relatively stable, trading down by C$0.09 to C$19.79 during mid-day trading on the following Friday. The trading volume reached 581,343 shares, compared to its average of 750,021 shares, indicating a slight decline in trading activity. The company has a market capitalization of C$6.73 billion and a price-to-earnings ratio of 123.69.
Financial Overview and Market Position
Orla Mining’s shares have fluctuated significantly over the past year, with a 12-month low of C$7.87 and a 12-month high of C$20.58. Currently, the fifty-day moving average stands at C$17.88, while the 200-day moving average is at C$15.95. Financial ratios indicate a current ratio of 4.54, a quick ratio of 1.22, and a debt-to-equity ratio of 12.68.
The company recently disclosed its earnings results on November 11, 2023, reporting earnings per share (EPS) of C$0.22 for the quarter, with revenues amounting to C$382.88 million. The net margin for the company was 3.15%, and it achieved a return on equity of 2.24%. Analysts anticipate that Orla Mining will post an EPS of approximately 0.3352878 for the current fiscal year.
Company Profile and Operations
Orla Mining Ltd. is a mineral exploration company focused on acquiring and exploring mineral properties. The company operates two primary gold projects: the Camino Rojo gold and silver project located in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. Additionally, Orla Mining conducts its business activities across several regions, including Mexico, Panama, the United States, and Canada.
This insider transaction highlights ongoing developments within Orla Mining and reflects the company’s position in the market as it continues to navigate its exploration and operational strategies. Investors and analysts will be watching closely as the company moves forward in this competitive sector.
