Orvana Minerals (TSE:ORV) Trading 18.2% Higher – Time to Buy?

Shares of Orvana Minerals Corp. (TSE:ORVGet Free Report) shot up 18.2% on Friday . The stock traded as high as C$2.16 and last traded at C$2.14. Approximately 290,908 shares changed hands during trading, an increase of 25% from the average session volume of 232,154 shares. The stock had previously closed at C$1.81.

Orvana Minerals Stock Performance

The stock’s 50 day moving average is C$1.82 and its two-hundred day moving average is C$1.87. The stock has a market capitalization of C$295.11 million, a price-to-earnings ratio of -216.00 and a beta of 0.72. The company has a current ratio of 0.66, a quick ratio of 0.25 and a debt-to-equity ratio of 166.90.

Orvana Minerals Company Profile

(Get Free Report)

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.

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