Orvana Minerals (TSE:ORV) Trading 11.4% Higher – Here’s Why

Orvana Minerals Corp. (TSE:ORV) shot up 11.4% during mid-day trading on Friday . The stock traded as high as C$2.45 and last traded at C$2.35. Approximately 349,834 shares changed hands during trading, an increase of 57% from the average daily volume of 223,482 shares. The stock had previously closed at C$2.11.

Orvana Minerals Stock Up 11.4%

The stock has a market cap of C$321.06 million, a price-to-earnings ratio of -235.00 and a beta of 0.68. The company has a quick ratio of 0.25, a current ratio of 0.66 and a debt-to-equity ratio of 166.90. The stock has a fifty day moving average of C$1.79 and a two-hundred day moving average of C$1.84.

Orvana Minerals (TSE:ORV) last released its quarterly earnings data on Thursday, August 13th. The company reported C$0.19 earnings per share for the quarter. Orvana Minerals had a negative return on equity of 4.33% and a negative net margin of 1.58%.The business had revenue of C$64.91 million for the quarter.

About Orvana Minerals

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.