Aurora Cannabis (OTCMKTS:ACBFF) Stock Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Aurora Cannabis has crossed below its 200‑day moving average: the 200‑day MA is $4.42, the stock traded as low as $3.14 and last traded at $3.27 on volume of 874,827 shares, a sign of potential bearish momentum.
• The company has a market capitalization of $3.14 billion and a P/E of 27.25, is trading below its 50‑day moving average of $3.65, and operates large‑scale cultivation, processing and distribution of medical and consumer cannabis products.

Aurora Cannabis Inc (OTCMKTS:ACBFF - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.42 and traded as low as $3.14. Aurora Cannabis shares last traded at $3.27, with a volume of 874,827 shares changing hands.

Aurora Cannabis Stock Performance

The company has a market capitalization of $3.14 billion and a price-to-earnings ratio of 27.25. The firm has a fifty day moving average price of $3.65 and a 200-day moving average price of $4.42.

Aurora Cannabis Company Profile

Aurora Cannabis Inc OTCMKTS: ACBFF is a Canadian licensed producer of medical and consumer cannabis products. Headquartered in Edmonton, Alberta, the company operates large-scale indoor and greenhouse facilities designed to produce consistent, high-quality cannabis flower and derivative products. Aurora's operations span cultivation, processing and distribution, with an emphasis on leveraging advanced technologies and proprietary genetics to meet diverse patient and adult-use consumer needs.

The company's product portfolio includes dried flower, cannabis oils, softgel capsules, vaporizable extracts and pre-rolled offerings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.