Orvana Minerals (TSE:ORV) Releases Quarterly Earnings Results

Orvana Minerals (TSE:ORV) announced its quarterly earnings results on Wednesday. The company reported C$0.14 earnings per share (EPS) for the quarter, RTT News reports. Orvana Minerals had a negative return on equity of 42.64% and a negative net margin of 19.14%.

Orvana Minerals Stock Up 16.5%

Shares of ORV traded up C$0.35 on Wednesday, hitting C$2.47. The company’s stock had a trading volume of 827,808 shares, compared to its average volume of 246,709. The firm’s fifty day moving average price is C$1.78 and its 200-day moving average price is C$1.82. Orvana Minerals has a fifty-two week low of C$0.48 and a fifty-two week high of C$2.50. The company has a quick ratio of 0.25, a current ratio of 0.83 and a debt-to-equity ratio of 237.92. The firm has a market capitalization of C$337.46 million, a price-to-earnings ratio of -16.47 and a beta of 0.85.

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.