Orvana Minerals (TSE:ORV) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Orvana Minerals stock price has surpassed its 200-day moving average of C$0.52, trading as high as C$0.58 on Wednesday.
• The company has a market capitalization of C$77.88 million and a P/E ratio of -28.50, indicating a negative earnings situation.
• Orvana Minerals operates in mining and exploration, with key operations in the El Valle Mine and Carles Mine located in northern Spain.

Orvana Minerals Corp. (TSE:ORV - ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.52 and traded as high as C$0.58. Orvana Minerals shares last traded at C$0.57, with a volume of 52,570 shares changing hands.

Orvana Minerals Price Performance

The company has a current ratio of 1.53, a quick ratio of 0.25 and a debt-to-equity ratio of 68.96. The business's fifty day moving average is C$0.57 and its 200 day moving average is C$0.52. The firm has a market capitalization of C$77.88 million, a P/E ratio of -28.50 and a beta of -0.13.

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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