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

by · The Cerbat Gem

Aurania Resources Ltd. (CVE:ARU – Get Free Report) shares dropped 16.2% during mid-day trading on Friday . The company traded as low as C$0.14 and last traded at C$0.16. Approximately 232,300 shares were traded during trading, an increase of 235% from the average daily volume of 69,433 shares. The stock had previously closed at C$0.19.

Aurania Resources Stock Down 13.5%

The business’s fifty day moving average is C$0.20 and its two-hundred day moving average is C$0.18. The company has a market cap of C$20.13 million, a P/E ratio of -1.23 and a beta of 1.89. The company has a debt-to-equity ratio of 120.92, a quick ratio of 2.14 and a current ratio of 0.90.

About Aurania Resources

(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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