Orvana Minerals (TSE:ORV) Stock Passes Above 200 Day Moving Average – What’s Next?

Orvana Minerals Corp. (TSE:ORV) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.20 and traded as high as C$2.25. Orvana Minerals shares last traded at C$2.18, with a volume of 240,883 shares changing hands.

Orvana Minerals Stock Performance

The stock has a market capitalization of C$297.84 million, a P/E ratio of -24.22 and a beta of -0.12. The stock’s 50-day simple moving average is C$1.93 and its 200 day simple moving average is C$1.20. 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 issued its quarterly earnings data on Wednesday, November 26th. The company reported C$0.02 earnings per share for the quarter. The company 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%.

Orvana Minerals Company Profile

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.