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Aurora Cannabis (TSE:ACB) Shares Down 20.2% - Here's Why

Aurora Cannabis logo with Medical background

Shares of Aurora Cannabis Inc. (TSE:ACB - Get Free Report) were down 20.2% during trading on Wednesday . The stock traded as low as C$6.31 and last traded at C$6.40. Approximately 1,868,867 shares traded hands during trading, an increase of 257% from the average daily volume of 523,132 shares. The stock had previously closed at C$8.02.

Aurora Cannabis Trading Down 20.2%

The firm has a market capitalization of C$350.13 million, a price-to-earnings ratio of -7.90 and a beta of 2.71. The firm's 50 day moving average is C$6.97 and its 200 day moving average is C$6.70. The company has a quick ratio of 2.48, a current ratio of 3.42 and a debt-to-equity ratio of 18.72.

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.

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