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

Shares of Orvana Minerals Corp. (TSE:ORV) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.40 and traded as high as C$1.69. Orvana Minerals shares last traded at C$1.68, with a volume of 162,364 shares.

Orvana Minerals Trading Up 0.6%

The business’s 50 day simple moving average is C$2.01 and its 200-day simple moving average is C$1.41. The stock has a market capitalization of C$229.53 million, a P/E ratio of -11.20 and a beta of 0.09. 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 released its quarterly earnings data 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 for 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.