Orvana Minerals (TSE:ORV) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Orvana Minerals Corp.'s stock price recently surpassed its 200-day moving average, reaching a high of C$0.64 during trading.
• The company has a market capitalization of C$86.07 million and a negative price-to-earnings ratio of -31.50.
• Orvana operates the El Valle and Carles Mines in Spain, focusing on the mining of gold, copper, and silver deposits.

Orvana Minerals Corp. (TSE:ORV - )'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.55 and traded as high as C$0.64. Orvana Minerals shares last traded at C$0.63, with a volume of 89,419 shares trading hands.

Orvana Minerals Price Performance

The company has a market capitalization of C$86.07 million, a price-to-earnings ratio of -31.50 and a beta of -0.13. The company has a debt-to-equity ratio of 68.96, a quick ratio of 0.25 and a current ratio of 1.53. The business has a 50 day moving average price of C$0.58 and a 200-day moving average price of C$0.55.

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.

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