Orvana Minerals (TSE:ORV) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Orvana Minerals Corp.'s stock price has exceeded its 200-day moving average, reaching C$0.66 during trading, indicating a potential shift in market momentum.
• The company has a market cap of C$65.15 million, with a negative PE ratio of -13.16, suggesting financial challenges despite the recent stock increase.
• Orvana operates in the mining sector, focusing on precious and base metals, primarily through its El Valle Mine and Carles Mine located in northern Spain.

Orvana Minerals Corp. (TSE:ORV - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.48 and traded as high as C$0.66. Orvana Minerals shares last traded at C$0.66, with a volume of 94,584 shares trading hands.

Orvana Minerals Price Performance

The firm has a market cap of C$65.15 million, a PE ratio of -13.16 and a beta of 1.08. The firm has a fifty day simple moving average of C$0.57 and a two-hundred day simple moving average of C$0.48. The company has a debt-to-equity ratio of 68.96, a quick ratio of 0.25 and a current ratio of 1.53.

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.