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Aurora Cannabis (TSE:ACB) Shares Down 20.2% - Time to Sell?

Aurora Cannabis logo with Medical background

Shares of Aurora Cannabis Inc. (TSE:ACB - Get Free Report) dropped 20.2% during mid-day trading on Thursday . The company 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 Stock Down 8.7%

The company has a current ratio of 3.42, a quick ratio of 2.48 and a debt-to-equity ratio of 18.72. The stock has a 50-day simple moving average of C$6.98 and a 200-day simple moving average of C$6.70. The company 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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