Aurania Resources (CVE:ARU) Stock Price Down 14.8% – Here’s What Happened

Aurania Resources Ltd. (CVE:ARU) shares were down 14.8% on Saturday . The stock traded as low as C$0.11 and last traded at C$0.12. Approximately 447,140 shares changed 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 firm has a 50-day moving average price of C$0.17 and a two-hundred day moving average price of C$0.26. The company has a market capitalization of C$12.64 million, a P/E ratio of -1.05 and a beta of 2.38. The company has a quick ratio of 2.14, a current ratio of 0.90 and a debt-to-equity ratio of 120.92.

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.