Orvana Minerals (TSE:ORV) Sets New 1-Year High - Still a Buy?

Key Points

• Orvana Minerals Corp. has reached a new 52-week high of C$1.45, closing last at C$1.38, with a significant trading volume of 661,877 shares.
• The company has a debt-to-equity ratio of 68.96 and a market cap of C$192.64 million, indicating a challenging financial position relative to its equity.
• Orvana Minerals is focused on mining and exploring precious metals in Spain, predominantly through its El Valle Mine and Carles Mine.

Orvana Minerals Corp. (TSE:ORV - ) hit a new 52-week high on Tuesday . The stock traded as high as C$1.45 and last traded at C$1.38, with a volume of 661877 shares changing hands. The stock had previously closed at C$1.26.

Orvana Minerals Price Performance

The company has a debt-to-equity ratio of 68.96, a current ratio of 1.53 and a quick ratio of 0.25. The stock has a market cap of C$192.64 million, a P/E ratio of -70.50 and a beta of -0.37. The company's 50 day simple moving average is C$0.66 and its 200 day simple moving average is C$0.59.

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.

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