Shares of Ormonde Mining plc (LON:ORM – Get Rating) fell 3.7% on Monday . The company traded as low as GBX 0.60 ($0.01) and last traded at GBX 0.65 ($0.01). 255,153 shares were traded during mid-day trading, a decline of 48% from the average session volume of 494,100 shares. The stock had previously closed at […]
Ormonde Mining plc (LON:ORM – Get Rating)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.89 ($0.01) and traded as low as GBX 0.71 ($0.01). Ormonde Mining shares last traded at GBX 0.75 ($0.01), with a volume of 582,350 shares trading […]
Ormonde Mining plc (LON:ORM – Get Rating)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 0.91 ($0.01) and traded as low as GBX 0.75 ($0.01). Ormonde Mining shares last traded at GBX 0.75 ($0.01), with a volume […]
26 May 2021 | 09:03am
StockMarketWire.com - Mining group Ormonde Mining swung to a modest annual profit after banked gains from an asset disposal.
Net profit for the year through December amounted to €0.46 million, compared to a year-on-year loss of €11.3 million.
Ormonde recently sold a 30% interest in the Barruecopardo tungsten mine in Spain.
When profits and losses from discontinued operations were excluded, its pre-tax losses amounted to €1.14 million, compared to year-on-year losses of €0.90 million.
Ormonde said it was focusing its efforts on new opportunities for the deployment of its capital, while continuing to review the best route to generate value from its remaining Spanish assets.