Aurania Resources (CVE:ARU) Reaches New 1-Year High – Still a Buy?

Shares of Aurania Resources Ltd. (CVE:ARU) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.75 and last traded at C$0.71, with a volume of 74430 shares trading hands. The stock had previously closed at C$0.69.

Aurania Resources Stock Performance

The firm has a market cap of C$65.65 million, a P/E ratio of -5.31 and a beta of 1.59. The company has a debt-to-equity ratio of 120.92, a quick ratio of 2.14 and a current ratio of 0.90. The stock’s 50-day moving average is C$0.62 and its 200 day moving average is C$0.46.

Aurania Resources (CVE:ARU) last released its quarterly earnings results on Monday, August 26th. The company reported C($0.02) EPS for the quarter, hitting analysts’ consensus estimates of C($0.02). On average, research analysts predict that Aurania Resources Ltd. will post -0.18 earnings per share for the current year.

About Aurania Resources

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.