Aurora Cannabis (TSE:ACB) Stock Price Up 17.3% - What's Next?

Key Points

• Aurora Cannabis Inc. stock surged 17.3% on Monday, closing at C$7.94 after reaching a high of C$8.60, with trading volume up 70% compared to the average.
• The company has a market capitalization of C$476.40 million and significant financial metrics including a debt-to-equity ratio of 18.72.
• Aurora Cannabis, based in Edmonton, Canada, operates in the medical and recreational cannabis sectors and has expanded into over 20 countries through international agreements and facilities.

Aurora Cannabis Inc. (TSE:ACB - ) rose 17.3% on Monday . The stock traded as high as C$8.60 and last traded at C$7.94. Approximately 960,282 shares traded hands during mid-day trading, an increase of 70% from the average daily volume of 565,670 shares. The stock had previously closed at C$6.77.

Aurora Cannabis Stock Performance

The company has a debt-to-equity ratio of 18.72, a current ratio of 3.42 and a quick ratio of 2.48. The firm has a market cap of C$476.40 million, a price-to-earnings ratio of -25.67 and a beta of 1.20. The firm has a fifty day simple moving average of C$6.81 and a two-hundred day simple moving average of C$6.65.

Aurora Cannabis Company Profile

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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