Aurania Resources (CVE:ARU) Shares Down 13.5% – What’s Next?

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

Aurania Resources Trading Down 13.5%

The company has a quick ratio of 2.14, a current ratio of 0.90 and a debt-to-equity ratio of 120.92. The company’s 50-day moving average is C$0.20 and its 200 day moving average is C$0.18. The company has a market cap of C$20.13 million, a price-to-earnings ratio of -1.23 and a beta of 1.89.

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.