Aurora Cannabis (TSE:ACB) Stock Price Up 27.9% - Here's What Happened

Key Points

• Aurora Cannabis' stock price surged by 27.9% on Monday, closing at C$8.66 after previously closing at C$6.77, indicating a significant rise in market interest.
• The trading volume increased dramatically, reaching approximately 3.2 million shares during mid-day trading, a 450% hike from the average daily volume of 581,408 shares.
• Aurora Cannabis operates primarily in Canada but has international reach through medical cannabis exporting agreements and cultivation facilities in over 20 countries.

Shares of Aurora Cannabis Inc. (TSE:ACB - ) rose 27.9% on Monday . The company traded as high as C$8.95 and last traded at C$8.66. Approximately 3,199,782 shares traded hands during mid-day trading, an increase of 450% from the average daily volume of 581,408 shares. The stock had previously closed at C$6.77.

Aurora Cannabis Stock Performance

The stock has a 50 day moving average price of C$6.81 and a two-hundred day moving average price of C$6.65. The company has a current ratio of 3.42, a quick ratio of 2.48 and a debt-to-equity ratio of 18.72. The company has a market cap of C$487.09 million, a price-to-earnings ratio of -26.24 and a beta of 1.20.

About Aurora Cannabis

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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