Orla Mining (NYSEAMERICAN:ORLA) Trading Up 8.8%

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLAGet Free Report) were up 8.8% during mid-day trading on Wednesday . The company traded as high as $3.84 and last traded at $3.83. Approximately 910,901 shares traded hands during mid-day trading, an increase of 67% from the average daily volume of 544,473 shares. The stock had previously closed at $3.52.

Analyst Ratings Changes

Separately, Royal Bank of Canada assumed coverage on Orla Mining in a report on Friday, December 15th. They issued an “outperform” rating on the stock.

Check Out Our Latest Analysis on Orla Mining

Orla Mining Stock Down 1.3 %

The firm has a market cap of $1.18 billion, a P/E ratio of 23.38 and a beta of 0.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.91 and a quick ratio of 2.43.

Institutional Investors Weigh In On Orla Mining

Several hedge funds have recently made changes to their positions in ORLA. First Trust Advisors LP acquired a new stake in shares of Orla Mining during the 3rd quarter valued at approximately $34,000. Bayesian Capital Management LP acquired a new stake in shares of Orla Mining during the 4th quarter valued at approximately $36,000. Tower Research Capital LLC TRC acquired a new stake in shares of Orla Mining during the 1st quarter valued at approximately $37,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Orla Mining during the 3rd quarter valued at approximately $52,000. Finally, Bank of Nova Scotia acquired a new stake in shares of Orla Mining during the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds own 36.27% of the company’s stock.

Orla Mining Company Profile

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Orla Mining Ltd. acquires, explores, operates, and develops mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; and Cerro Quema project totaling an area of 14,893 hectares located in the Azuero Peninsula, Panama.

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