Aurania Resources (CVE:ARU) Trading Down 13.5% – Time to Sell?

Aurania Resources Ltd. (CVE:ARU)’s stock price traded down 13.5% during mid-day trading on Tuesday . The stock traded as low as C$0.42 and last traded at C$0.45. 70,155 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 43,942 shares. The stock had previously closed at C$0.52.

Aurania Resources Trading Down 13.5 %

The firm has a market capitalization of C$43.45 million, a price-to-earnings ratio of -3.46 and a beta of 1.59. The business’s 50-day moving average price is C$0.42 and its 200 day moving average price is C$0.52. The company has a debt-to-equity ratio of 120.92, a current ratio of 0.90 and a quick ratio of 2.14.

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.