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Aurora Cannabis (TSE:ACB) Stock Price Down 20.2% - What's Next?

Aurora Cannabis logo with Medical background

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

Aurora Cannabis Stock Performance

The company has a market capitalization of C$305.82 million, a P/E ratio of -6.90 and a beta of 2.71. The firm has a 50 day moving average price of C$6.98 and a two-hundred day moving average price of 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.

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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