Orvana Minerals (TSE:ORV) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Orvana Minerals Corp. (TSE:ORV)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.28 and traded as high as C$0.38. Orvana Minerals shares last traded at C$0.37, with a volume of 8,341 shares trading hands.

Orvana Minerals Price Performance

The company has a 50-day moving average of C$0.39 and a 200-day moving average of C$0.28. The firm has a market capitalization of C$46.45 million, a price-to-earnings ratio of -13.00 and a beta of 1.08. The company has a debt-to-equity ratio of 23.10, a quick ratio of 0.25 and a current ratio of 0.66.

Orvana Minerals (TSE:ORV) last released its quarterly earnings results on Monday, August 12th. The company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$34.79 million during the quarter. Orvana Minerals had a return on equity of 1.50% and a net margin of 0.89%.

About Orvana Minerals

Orvana Minerals Corp., a mining and exploration company, engages in the evaluation, development, and mining of gold, copper, silver, and other precious and base metal deposits. It owns and operates El Valle and Carlés mines that produces copper concentrate located in the Rio Narcea Gold Belt, northern Spain.