Aurania Resources (CVE:ARU) Shares Up 18.5% – Should You Buy?

Shares of Aurania Resources Ltd. (CVE:ARUGet Free Report) were up 18.5% during mid-day trading on Monday . The company traded as high as C$0.40 and last traded at C$0.39. Approximately 210,667 shares were traded during mid-day trading, an increase of 217% from the average daily volume of 66,561 shares. The stock had previously closed at C$0.33.

Aurania Resources Price Performance

The company has a debt-to-equity ratio of 120.92, a current ratio of 0.90 and a quick ratio of 2.14. The firm has a market capitalization of C$35.72 million, a PE ratio of -2.85 and a beta of 1.59. The company has a 50-day moving average price of C$0.45 and a 200-day moving average price of C$0.53.

Aurania Resources Company Profile

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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.

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