Orvana Minerals (TSE:ORV) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Orvana Minerals Corp. (TSE:ORV) shares recently surpassed their 200-day moving average, trading at C$0.56 after reaching a high of C$0.56 in Thursday's session.
• The company has a market capitalization of C$76.51 million and a debt-to-equity ratio of 68.96, indicating significant financial leverage.
• Orvana operates the El Valle and Carles mines in northern Spain, focusing on the mining of gold, copper, and silver.

Orvana Minerals Corp. (TSE:ORV - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.53 and traded as high as C$0.56. Orvana Minerals shares last traded at C$0.56, with a volume of 41,018 shares changing hands.

Orvana Minerals Trading Up 6.9%

The company's fifty day simple moving average is C$0.57 and its two-hundred day simple moving average is C$0.54. The company has a market capitalization of C$84.71 million, a price-to-earnings ratio of -31.00 and a beta of -0.13. The company has a quick ratio of 0.25, a current ratio of 1.53 and a debt-to-equity ratio of 68.96.

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.