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Oriole Resources PLC ( (GB:ORR) ) has provided an update.
Oriole Resources has announced the exercise of warrants resulting in the issue and admission to AIM of 107,925,555 new ordinary shares at an exercise price of 0.25 pence, raising £269,814, with the new shares ranking pari passu with existing stock. Following this admission, the company’s issued share capital will increase to 4,872,268,356 ordinary shares, while substantial warrants and options remain outstanding, and the updated share count will serve as the new reference point for investors calculating their holdings and disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:ORR) stock is a Hold with a £0.30 price target. To see the full list of analyst forecasts on Oriole Resources PLC stock, see the GB:ORR Stock Forecast page.
Spark’s Take on GB:ORR Stock
According to Spark, TipRanks’ AI Analyst, GB:ORR is a Neutral.
The score is primarily held back by weak operating fundamentals (no revenue) and ongoing cash burn, despite a strong low-debt balance sheet. Technical indicators are moderately supportive, while valuation is constrained by negative earnings and no dividend signal.
To see Spark’s full report on GB:ORR stock, click here.
More about Oriole Resources PLC
Oriole Resources PLC is an AIM-quoted gold exploration company focused on early-stage projects in West and Central Africa, particularly Cameroon. Its flagship Central Licence Package hosts the Mbe project, where it has defined a JORC Inferred Mineral Resource Estimate of 870,000 ounces of gold and an additional Exploration Target at MB01-N, now being tested by a fully funded maiden drilling programme. The company also holds a 50% interest in the Bibemi gold project in Cameroon, with a 460,000-ounce JORC Resource and an exploitation licence application underway, and a minority, approximately 41% interest in the Senala gold project in Senegal, where a partner has earned in by spending US$5.8 million and discussions on forming a joint venture are ongoing. Oriole additionally retains various interests and royalties in projects in East Africa and Turkey that could provide future cash flows.
Average Trading Volume: 49,903,008
Technical Sentiment Signal: Buy
Current Market Cap: £15.48M
For detailed information about ORR stock, go to TipRanks’ Stock Analysis page.