Orvana Minerals (TSE:ORV) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Orvana Minerals passed above its 200-day moving average (200‑day = C$1.77) during Thursday trading, hitting a high of C$1.81; shares last traded at C$1.74 on volume of 192,168 and were reported down 3.9%.
• The company shows weak financials with a market cap of C$237.72M, a quarterly loss of C($0.07) per share, a negative net margin (-19.14%) and return on equity (-42.64%), a very high debt‑to‑equity ratio of 237.92, and low liquidity (current ratio 0.83, quick ratio 0.25).
• Orvana is a Canadian gold and copper miner that operates the underground El Valle and Carles mines in northern Spain (the Orovalle segment is the main revenue driver) and reported quarterly revenue of C$43.97M.

Shares of Orvana Minerals Corp. (TSE:ORV - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.77 and traded as high as C$1.81. Orvana Minerals shares last traded at C$1.74, with a volume of 192,168 shares changing hands.

Orvana Minerals Trading Down 3.9%

The company has a market capitalization of C$237.72 million, a P/E ratio of -11.60 and a beta of 0.93. The company has a debt-to-equity ratio of 237.92, a current ratio of 0.83 and a quick ratio of 0.25. The firm has a fifty day moving average price of C$1.79 and a 200-day moving average price of C$1.77.

Orvana Minerals (TSE:ORV - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported C($0.07) earnings per share for the quarter. Orvana Minerals had a negative net margin of 19.14% and a negative return on equity of 42.64%. The firm had revenue of C$43.97 million for the quarter.

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. It also owns an interest in The Don Mario District. The company primarily operates in the gold and copper mining industry and its products are gold dore and gold & copper concentrates.

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