Aurania Resources (CVE:ARU) Trading Down 16.2% – Here’s Why

by · The Cerbat Gem

Aurania Resources Ltd. (CVE:ARU – Get Free Report)’s stock price traded down 16.2% during mid-day trading on Friday . The company traded as low as C$0.14 and last traded at C$0.16. 232,300 shares traded hands during trading, an increase of 235% from the average session volume of 69,439 shares. The stock had previously closed at C$0.19.

Aurania Resources Price Performance

The firm has a fifty day moving average price of C$0.20 and a two-hundred day moving average price of C$0.18. The company has a quick ratio of 2.14, a current ratio of 0.90 and a debt-to-equity ratio of 120.92. The stock has a market capitalization of C$20.13 million, a P/E ratio of -1.23 and a beta of 1.89.

Aurania Resources Company Profile

(Get Free Report)

Aurania Resources Ltd., a junior exploration mining company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in Ecuador and Peru. The company explores for gold, silver, copper, and other precious metal deposits. Its flagship project is the 100% owned Lost Cities Cutucu project comprises 42 mineral exploration concessions covering an area of approximately 207,764 hectares located in southeastern Ecuador. The company was formerly known as Urania Resources Ltd.

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