Orvana Minerals (TSE:ORV) Stock Price Down 3.5% – Here’s Why

Orvana Minerals Corp. (TSE:ORV)’s share price dropped 3.5% during mid-day trading on Wednesday. The company traded as low as C$1.60 and last traded at C$1.66. 107,510 shares changed hands during trading, a decline of 47% from the average daily volume of 202,595 shares. The stock had previously closed at C$1.72.

Orvana Minerals Stock Down 1.3%

The company has a market cap of C$211.77 million, a P/E ratio of 11.07 and a beta of 0.33. The company has a current ratio of 0.58, a quick ratio of 0.25 and a debt-to-equity ratio of 133.22. The firm’s 50 day moving average price is C$2.15 and its 200-day moving average price is C$1.97.

Orvana Minerals (TSE:ORV) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.19 earnings per share for the quarter. Orvana Minerals had a net margin of 11.78% and a return on equity of 33.47%. The business had revenue of C$64.91 million during the quarter.

Orvana Minerals Company Profile

Orvana is a multi-mine gold-copper-silver company. Orvana’s assets consist of the producing Orovalle operation in northern Spain ; the Don Mario operation in Bolivia and the Taguas property located in Argentina. Additional information is available at Orvana’s website ( www.orvana.com ).