Aurania Resources (CVE:ARU) Shares Down 13.5% – Should You Sell?

Aurania Resources Ltd. (CVE:ARU)’s share price traded down 13.5% on Saturday . The stock traded as low as C$0.14 and last traded at C$0.16. 234,800 shares changed hands during mid-day trading, an increase of 238% from the average session volume of 69,450 shares. The stock had previously closed at C$0.19.

Aurania Resources Stock Down 13.5%

The stock’s fifty day simple moving average is C$0.20 and its 200-day simple moving average is C$0.18. The stock 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.

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. The company was formerly known as Urania Resources Ltd.