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

Aurora Cannabis logo with Medical background

Aurora Cannabis Inc. (TSE:ACB - Get Free Report)'s stock price dropped 20.2% on Thursday . The company traded as low as C$6.31 and last traded at C$6.40. Approximately 1,868,867 shares changed 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 Price Performance

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

Aurora Cannabis Company Profile

(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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