Orvana Minerals (TSE:ORV) Stock Price Crosses Above 200-Day Moving Average - Time to 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 - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 business's 50 day moving average price is C$0.57 and its 200-day moving average price is C$0.53. 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 firm has a market capitalization of C$76.51 million, a PE ratio of -28.00 and a beta of -0.13.

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.