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 sale, Mann’s direct ownership in the company decreased to 205,647 shares, valued at approximately C$3,783,904.80, reflecting a 7.16% reduction in his stake.
Orla Mining’s stock experienced a minor decline during trading on Friday, dropping by C$0.09 to C$19.79. The trading volume reached 581,343 shares, which is below its average volume of 750,021 shares. Currently, the company’s market capitalization stands at C$6.73 billion, with a price-to-earnings ratio of 123.69 and a beta of 0.29. Over the past year, Orla Mining has seen its stock fluctuate between a low of C$7.87 and a high of C$20.58.
The company’s fifty-day moving average is C$17.88, while its 200-day moving average is C$15.95. Financial ratios indicate a strong liquidity position, with a current ratio of 4.54 and a quick ratio of 1.22. However, the company also has a notably high debt-to-equity ratio of 12.68.
Orla Mining’s latest earnings report, released on November 11, 2023, showed earnings per share (EPS) of C$0.22 for the quarter, alongside revenues totaling C$382.88 million. The firm reported a net margin of 3.15% and a return on equity of 2.24%. Analysts forecast that Orla Mining will achieve an EPS of 0.335 for the current financial year.
Company Overview and Operations
Orla Mining Ltd. is engaged in the exploration and acquisition of mineral properties. The company operates two significant gold projects: the Camino Rojo gold and silver project located in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. Its business activities extend across various geographic areas, including Mexico, Panama, the United States, and Canada.
The recent sale by Paul Mann highlights the ongoing activities within Orla Mining as it navigates the complex world of mineral exploration and market fluctuations. Investors and analysts alike will be watching closely to see how these developments impact the company’s future performance and shareholder value.
