Orvana Minerals (TSE:ORV) Stock Price Up 23.6% - Should You Buy?

Key Points

• Shares of Orvana Minerals Corp rose by 23.6% during mid-day trading, reaching C$0.89, significantly up from the previous close of C$0.72.
• The trading volume increased to approximately 727,722 shares, which is a 916% spike compared to the average daily volume of 71,654 shares.
• Orvana operates the El Valle Mine and Carles Mine in northern Spain and has a market cap of C$131.16 million with a current ratio of 1.53.

Shares of Orvana Minerals Corp. (TSE:ORV - ) were up 23.6% during mid-day trading on Monday . The stock traded as high as C$0.89 and last traded at C$0.89. Approximately 727,722 shares changed hands during mid-day trading, an increase of 916% from the average daily volume of 71,654 shares. The stock had previously closed at C$0.72.

Orvana Minerals Price Performance

The company's 50-day moving average price is C$0.59 and its 200-day moving average price is C$0.55. 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 firm has a market cap of C$131.16 million, a price-to-earnings ratio of -48.00 and a beta of -0.37.

About Orvana Minerals

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.

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