Aurora Cannabis (TSE:ACB) Trading Down 4.5% – Here’s Why

Aurora Cannabis Inc. (TSE:ACB)’s share price traded down 4.5% during trading on Friday . The company traded as low as C$4.65 and last traded at C$4.70. 485,956 shares were traded during mid-day trading, an increase of 22% from the average session volume of 398,895 shares. The stock had previously closed at C$4.92.

Aurora Cannabis Trading Down 4.5%

The stock has a market cap of C$277.90 million, a price-to-earnings ratio of -3.13 and a beta of 0.17. The business’s fifty day simple moving average is C$4.76 and its 200 day simple moving average is C$5.35. The company has a debt-to-equity ratio of 25.02, a current ratio of 3.06 and a quick ratio of 2.48.

Aurora Cannabis (TSE:ACB) last released its quarterly earnings data on Wednesday, February 4th. The company reported C$0.03 EPS for the quarter. The firm had revenue of C$94.19 million during the quarter. Aurora Cannabis had a negative net margin of 1.69% and a negative return on equity of 1.15%. On average, research analysts predict that Aurora Cannabis Inc. will post -0.22 EPS for the current year.

Aurora Cannabis Company Profile

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael ’71. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements or cultivation facilities in more than 20 countries.