Orvana Minerals (TSE:ORV) Trading Down 11.5% - Time to Sell?

Key Points

• Orvana Minerals Corp. shares fell 11.5% on Thursday, reaching a low of C$0.54 with a significant increase in trading volume of 176% compared to its average.
• The company has a market capitalization of C$52.32 million, a PE ratio of -10.56, and operates key mining assets in Spain, including the El Valle Mine and Carles Mine.
• Orvana's financial ratios indicate a quick ratio of 0.25 and a debt-to-equity ratio of 68.96, raising potential concerns about its liquidity and financial stability.

Orvana Minerals Corp. (TSE:ORV - Get Free Report)'s stock price dropped 11.5% during mid-day trading on Thursday . The stock traded as low as C$0.54 and last traded at C$0.54. Approximately 138,947 shares traded hands during mid-day trading, an increase of 176% from the average daily volume of 50,321 shares. The stock had previously closed at C$0.61.

Orvana Minerals Price Performance

The company has a quick ratio of 0.25, a current ratio of 1.53 and a debt-to-equity ratio of 68.96. The stock has a market cap of C$55.28 million, a price-to-earnings ratio of -11.16 and a beta of 1.08. The company's 50-day moving average is C$0.57 and its 200-day moving average is C$0.50.

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.