Orvana Minerals (TSE:ORV) Shares Pass Above 200 Day Moving Average – What’s Next?

Orvana Minerals Corp. (TSE:ORV) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.96 and traded as high as C$2.58. Orvana Minerals shares last traded at C$2.48, with a volume of 119,204 shares changing hands.

Orvana Minerals Stock Down 0.4%

The company has a debt-to-equity ratio of 133.22, a quick ratio of 0.25 and a current ratio of 0.58. The stock’s 50 day simple moving average is C$2.26 and its 200 day simple moving average is C$1.96. The firm has a market cap of C$356.59 million, a P/E ratio of 18.64 and a beta of 0.90.

Orvana Minerals (TSE:ORV) last posted its earnings results on Thursday, August 13th. The company reported C$0.19 earnings per share for the quarter. Orvana Minerals had a return on equity of 33.47% and a net margin of 11.78%.The company had revenue of C$64.91 million for the quarter.

About Orvana Minerals

Orvana is a multi-mine gold-copper-silver company. Orvana’s assets consist of the producing Orovalle operation in northern Spain ; the Don Mario operation in Bolivia and the Taguas property located in Argentina. Additional information is available at Orvana’s website ( www.orvana.com ).