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

Aurora Cannabis logo with Medical background

Aurora Cannabis Inc. (TSE:ACB - Get Free Report)'s share price was down 20.2% during trading on Wednesday . 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 Stock Performance

The company has a quick ratio of 2.48, a current ratio of 3.42 and a debt-to-equity ratio of 18.72. The company has a market cap of C$305.82 million, a P/E ratio of -6.90 and a beta of 2.71. The business has a fifty day moving average of C$6.98 and a 200 day moving average of C$6.70.

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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