Orvana Minerals (TSE:ORV) Trading Down 15.1% – Here’s What Happened

Shares of Orvana Minerals Corp. (TSE:ORV) dropped 15.1% during trading on Tuesday . The stock traded as low as C$1.89 and last traded at C$1.91. Approximately 165,772 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 250,239 shares. The stock had previously closed at C$2.25.

Orvana Minerals Stock Performance

The firm has a market cap of C$258.22 million, a PE ratio of -189.00 and a beta of 0.85. The company has a current ratio of 0.66, a quick ratio of 0.25 and a debt-to-equity ratio of 166.90. The firm’s 50 day simple moving average is C$1.83 and its 200 day simple moving average is C$1.88.

Orvana Minerals (TSE:ORV) last announced its quarterly earnings results on Thursday, February 12th. The company reported C($0.07) EPS for the quarter. The company had revenue of C$43.97 million during the quarter. Orvana Minerals had a negative return on equity of 4.33% and a negative net margin of 1.58%.

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.