Aurora Spine (CVE:ASG) Trading Down 5.5% – Here’s Why

Shares of Aurora Spine Co. (CVE:ASG) were down 5.5% on Tuesday . The company traded as low as C$0.26 and last traded at C$0.26. Approximately 39,500 shares changed hands during mid-day trading, an increase of 86% from the average daily volume of 21,293 shares. The stock had previously closed at C$0.28.

Aurora Spine Trading Down 5.5%

The firm’s 50-day moving average price is C$0.27 and its 200 day moving average price is C$0.29. The company has a market cap of C$20.29 million, a price-to-earnings ratio of -26.00 and a beta of -0.28. The company has a current ratio of 2.40, a quick ratio of 1.40 and a debt-to-equity ratio of 73.68.

Aurora Spine Company Profile

Aurora Spine Corporation, through its subsidiary, Aurora Spine, Inc, engages in the development and distribution of minimally invasive interspinous fusion systems and devices in Canada. The company offers interspinous process lumbar fusion devices, such as the ZIP, ZIP ULTRA, ZIP LP, and ZIP-51 for patients suffering from degenerative disc diseases; and Ti-Coated polyether ether ketone interbody cages, which provide spacing and stability between the vertebrae while bone grows to complete the fusion process.