Orla Mining ( (TSE:OLA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Orla Mining’s stock has been on a rollercoaster ride due to conflicting signals. While analysts at Stifel and CIBC have raised their price targets, thanks to revised gold production targets and a promising gold trend extension at the Musselwhite Mine, insider sentiment tells a different story. Increased insider selling over the past quarter has cast a shadow of doubt, causing some investors to tread carefully despite the stock’s Strong Buy consensus among analysts.
More about Orla Mining
YTD Price Performance: 104.47%
Average Trading Volume: 1,432,301
Technical Sentiment Signal: Buy
Current Market Cap: C$5.67B
For further insights into OLA stock on TipRanks’ Stock Analysis page.
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