Oriole Resources (ORR.L) Shares Are Gradually Falling 21.33% This Month, Volatility Continues

Oriole Resources is recovering from a big dip that they faced in June. Now the share price is equal to GBP 0.4720 and the monthly report shows a decrease of 21.33%. The total net income of the company is GBP 668.20k. Heading into today, shares of the UK’s biggest gold mining company had gained 38.82% over the year.

Oriole Resources PLC is an exploration firm based in Africa and Europe that is listed on AIM. Oriole is focused on early-stage gold exploration in Cameroon as well as the more advanced Senala gold property in Senegal, where IAMGOLD has the option to spend US$8 million to obtain a 70% stake.  The company owns several interests and royalties in companies operating in Africa and Turkey and is currently evaluating fresh gold and base metal prospects in both areas.

Oriole Resources (LON: ORR) shares fell more than 6% on Thursday after the firm revealed preliminary findings from Thani Stratex Djibouti’s Phase 2 exploration campaign at the Assaleyta property.

Lora Nilsson

Finance and Business reporter After graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter

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