Orvana Minerals (TSE:ORV) Trading 11.4% Higher – Time to Buy?

Orvana Minerals Corp. (TSE:ORV)’s share price traded up 11.4% during trading on Friday . The company traded as high as C$2.45 and last traded at C$2.35. 349,834 shares were traded during mid-day trading, an increase of 57% from the average daily volume of 223,482 shares. The stock had previously closed at C$2.11.

Orvana Minerals Stock Up 10.4%

The firm has a fifty day moving average price of C$1.80 and a 200 day moving average price of C$1.84. The company has a quick ratio of 0.25, a current ratio of 0.58 and a debt-to-equity ratio of 133.22. The company has a market cap of C$318.33 million, a P/E ratio of -233.00 and a beta of 0.68.

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