Aurania Resources (CVE:ARU) Shares Up 31.5% – Should You Buy?

Aurania Resources Ltd. (CVE:ARUGet Free Report)’s stock price shot up 31.5% during mid-day trading on Friday . The stock traded as high as C$0.40 and last traded at C$0.36. 347,532 shares were traded during trading, an increase of 384% from the average session volume of 71,758 shares. The stock had previously closed at C$0.27.

Aurania Resources Trading Down 1.4%

The stock has a market capitalization of C$44.03 million, a price-to-earnings ratio of -3.50 and a beta of 2.12. 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 business has a 50-day moving average of C$0.16 and a 200-day moving average of C$0.21.

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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