Orvana Minerals (TSE:ORV) Shares Pass Above 200 Day Moving Average – Here’s Why

Orvana Minerals Corp. (TSE:ORV) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.36 and traded as high as C$1.95. Orvana Minerals shares last traded at C$1.72, with a volume of 657,355 shares changing hands.

Orvana Minerals Stock Performance

The business has a 50-day simple moving average of C$2.02 and a 200 day simple moving average of C$1.36. The company has a debt-to-equity ratio of 68.96, a current ratio of 1.53 and a quick ratio of 0.25. The firm has a market cap of C$230.89 million, a PE ratio of -18.78 and a beta of 0.09.

Orvana Minerals (TSE:ORV) last posted its quarterly earnings data on Wednesday, November 26th. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$35.07 million for the quarter. Orvana Minerals had a negative return on equity of 9.41% and a negative net margin of 5.48%.

Orvana Minerals Company Profile

Orvana Minerals Corp is a Canadian mining and exploration company that is involved in the evaluation, development, and mining of precious and base metal deposits. It operates in three segments: Orovalle, which is the key revenue generator; EMIPA, and Corporate. It owns and operates the underground gold, copper, and silver El Valle Mine and Carles Mine in the Rio Narcea Gold Belt in northern Spain. It also owns an interest in The Don Mario District. The company primarily operates in the gold and copper mining industry and its products are gold dore and gold & copper concentrates.