Aurora Spine (CVE:ASG) Stock Price Down 5.5% – Here’s What Happened

Shares of Aurora Spine Co. (CVE:ASG) fell 5.5% on Wednesday . The company traded as low as C$0.26 and last traded at C$0.26. 5,000 shares changed hands during trading, a decline of 84% from the average session volume of 31,661 shares. The stock had previously closed at C$0.28.

Aurora Spine Trading Down 5.5%

The company has a debt-to-equity ratio of 93.63, a current ratio of 1.94 and a quick ratio of 1.40. The firm has a fifty day simple moving average of C$0.28 and a 200-day simple moving average of C$0.28. The firm has a market cap of C$20.29 million, a P/E ratio of -26.00 and a beta of -0.71.

About Aurora Spine

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.