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Aurora Cannabis (TSE:ACB) Shares Down 19.7% - Should You Sell?

Aurora Cannabis logo with Medical background

Aurora Cannabis Inc. (TSE:ACB - Get Free Report)'s share price dropped 19.7% during mid-day trading on Wednesday . The company traded as low as C$6.40 and last traded at C$6.44. Approximately 1,234,749 shares changed hands during mid-day trading, an increase of 139% from the average daily volume of 516,853 shares. The stock had previously closed at C$8.02.

Aurora Cannabis Trading Down 8.7%

The company's 50-day moving average is C$6.98 and its 200-day moving average is C$6.70. The company has a debt-to-equity ratio of 18.72, a quick ratio of 2.48 and a current ratio of 3.42. The firm has a market cap of C$305.82 million, a price-to-earnings ratio of -6.90 and a beta of 2.71.

About Aurora Cannabis

(Get Free Report)

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael '71. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements or cultivation facilities in more than 20 countries.

Further Reading

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