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An announcement from Oriole Resources PLC ( (GB:ORR) ) is now available.
Oriole Resources PLC has confirmed that, following the recent exercise of warrants and the issuance of new ordinary shares, its total issued share capital now stands at 4,872,268,356 ordinary shares, each carrying one voting right, with no shares held in treasury. This updated total voting rights figure provides the new reference denominator for shareholders assessing disclosure thresholds under UK regulatory rules and reflects the company’s ongoing capital structure evolution as it advances its gold exploration portfolio across Central and West Africa, including key projects in Cameroon and Senegal where resource delineation, drilling programmes and joint venture arrangements are progressively de‑risking and funding future development.
The most recent analyst rating on (GB:ORR) stock is a Hold with a £0.36 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 Central and West Africa, particularly Cameroon. Its portfolio includes the Central Licence Package and flagship Mbe project in Cameroon, where it has reported a JORC Inferred Mineral Resource Estimate and is undertaking a fully funded maiden drilling programme alongside partner BCM, which is earning a 50% interest through US$4 million of exploration spend. Oriole also holds a 50% interest in the Bibemi gold project in Cameroon, where a JORC Resource has been defined and an exploitation licence has been requested, and retains a significant minority interest in the Senala gold project in Senegal after Managem Group completed a six‑year earn-in. The company additionally holds various interests and royalties in projects in East Africa and Turkey that could generate future cash flows.
Average Trading Volume: 42,148,632
Technical Sentiment Signal: Buy
Current Market Cap: £17.3M
Find detailed analytics on ORR stock on TipRanks’ Stock Analysis page.