Aurania Resources (CVE:ARU) Stock Price Down 9.5% – Time to Sell?
by Sarita Garza · The Markets DailyAurania Resources Ltd. (CVE:ARU – Get Free Report) was down 9.5% on Friday . The company traded as low as C$0.18 and last traded at C$0.19. Approximately 146,004 shares changed hands during trading, an increase of 141% from the average daily volume of 60,547 shares. The stock had previously closed at C$0.21.
Aurania Resources Price Performance
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 business’s 50-day simple moving average is C$0.17 and its 200 day simple moving average is C$0.17. The firm has a market capitalization of C$23.90 million, a P/E ratio of -1.46 and a beta of 1.53.
Aurania Resources Company Profile
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.