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

Orvana Minerals Corp. (TSE:ORV)’s share price passed 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 traded.

Orvana Minerals Stock Down 8.5%

The stock has a market capitalization of C$234.99 million, a P/E ratio of -19.11 and a beta of 0.09. The stock has a 50 day moving average price of C$2.02 and a 200-day moving average price 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.

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

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.