Aurora Spine (CVE:ASG) Trading 13.5% Higher – Should You Buy?

Aurora Spine Co. (CVE:ASG)’s stock price shot up 13.5% on Friday . The company traded as high as C$0.42 and last traded at C$0.42. 107,500 shares were traded during mid-day trading, an increase of 314% from the average session volume of 25,960 shares. The stock had previously closed at C$0.37.

Aurora Spine Stock Up 13.5 %

The stock has a market capitalization of C$32.52 million, a price-to-earnings ratio of -42.00 and a beta of 0.63. The firm has a 50 day simple moving average of C$0.37 and a 200-day simple moving average of C$0.31. The company has a debt-to-equity ratio of 76.02, a current ratio of 2.35 and a quick ratio of 1.40.

Aurora Spine Company Profile

Aurora Spine Corporation, through its subsidiary, Aurora Spine, Inc, engages in the development and distribution of minimally invasive interspinous fusion systems and devices in Canada. The company offers interspinous process lumbar fusion devices, such as the ZIP, ZIP ULTRA, ZIP LP, and ZIP-51 for patients suffering from degenerative disc diseases; and Ti-Coated polyether ether ketone interbody cages, which provide spacing and stability between the vertebrae while bone grows to complete the fusion process.