Orvana Minerals (TSE:ORV) Trading 6.6% Higher – Here’s Why

Orvana Minerals Corp. (TSE:ORV)’s stock price shot up 6.6% during trading on Wednesday . The company traded as high as C$1.97 and last traded at C$1.93. 109,252 shares traded hands during trading, a decline of 8% from the average session volume of 118,297 shares. The stock had previously closed at C$1.81.

Orvana Minerals Price Performance

The company has a quick ratio of 0.25, a current ratio of 1.53 and a debt-to-equity ratio of 68.96. The stock’s 50-day moving average price is C$1.21 and its 200-day moving average price is C$0.79. The company has a market capitalization of C$281.44 million, a price-to-earnings ratio of -103.00 and a beta of -0.42.

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.