Aurania Resources (CVE:ARU) Shares Down 14.8% – Here’s Why

Aurania Resources Ltd. (CVE:ARUGet Free Report)’s stock price was down 14.8% during mid-day trading on Saturday . The company traded as low as C$0.11 and last traded at C$0.12. Approximately 447,140 shares traded hands during mid-day trading, an increase of 571% from the average daily volume of 66,624 shares. The stock had previously closed at C$0.14.

Aurania Resources Stock Down 14.8%

The business’s 50 day moving average is C$0.17 and its 200-day moving average is C$0.26. The company has a debt-to-equity ratio of 120.92, a quick ratio of 2.14 and a current ratio of 0.90. The firm has a market capitalization of C$12.64 million, a price-to-earnings ratio of -1.05 and a beta of 2.38.

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.

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