Aurania Resources (CVE:ARU) Shares Down 9.5% – Here’s Why

Aurania Resources Ltd. (CVE:ARU)’s stock price traded down 9.5% during mid-day trading on Friday . The stock traded as low as C$0.18 and last traded at C$0.19. 152,504 shares changed hands during mid-day trading, an increase of 152% from the average session volume of 60,547 shares. The stock had previously closed at C$0.21.

Aurania Resources Trading Down 9.5%

The firm has a market capitalization of C$23.90 million, a P/E ratio of -1.46 and a beta of 1.53. The business’s 50 day moving average is C$0.18 and its two-hundred day moving average is C$0.17. The company has a quick ratio of 2.14, a current ratio of 0.90 and a debt-to-equity ratio of 120.92.

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.