Ora Banda Mining (ASX:OBM) Shares Down 2.5%

Ora Banda Mining Limited (ASX:OBM)’s share price dropped 2.5% on Friday . The company traded as low as A$0.20 ($0.14) and last traded at A$0.20 ($0.14), approximately 336,238 shares traded hands during trading. The stock had previously closed at A$0.20 ($0.14).

The firm has a 50-day simple moving average of A$0.19. The company has a market capitalization of $94.72 million and a price-to-earnings ratio of -0.11.

In other Ora Banda Mining news, insider David Quinlivan 700,000 shares of the business’s stock in a transaction dated Thursday, July 11th. Also, insider Mark Wheatley acquired 300,000 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were bought at an average cost of A$0.14 ($0.10) per share, for a total transaction of A$40,500.00 ($28,723.40).

About Ora Banda Mining (ASX:OBM)

Ora Banda Mining Limited operates as a gold exploration, evaluation, and development company primarily in Australia. It also explores for nickel and copper deposits. The company owns 100% interest in the Davyhurst and the Mt Ida gold projects, which are located to the northwest of Kalgoorlie. It also holds interests in the Siberia, Golden Eagle, Riverina, Callion, Waihi, and Lady Ida projects.

See Also: Momentum Investing

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