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

Aurora Cannabis logo with Medical background

Aurora Cannabis Inc. (TSE:ACB - Get Free Report) traded down 20.2% during trading on Wednesday . The stock traded as low as C$6.31 and last traded at C$6.40. 1,868,867 shares traded 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 Price Performance

The stock has a market cap of C$305.82 million, a P/E ratio of -6.90 and a beta of 2.71. The company 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 current ratio of 3.42, a quick ratio of 2.48 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.

Further Reading

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