Aurora Cannabis (TSE:ACB) Trading 21.9% Higher - Here's Why

Key Points

• Aurora Cannabis shares surged by 21.9% on Monday, reaching a high of C$8.95 before closing at C$8.25, showing significant trading activity with 2,567,930 shares exchanged, up 345% from average volumes.
• The company has a market capitalization of C$487.09 million and operates primarily in Canada, although it has expanded internationally by establishing exporting agreements and cultivation facilities in over 20 countries.
• Aurora Cannabis reported a negative P/E ratio of -26.24 and a debt-to-equity ratio of 18.72, indicating concerning financial metrics despite the recent stock price increase.

Shares of Aurora Cannabis Inc. (TSE:ACB - ) traded up 21.9% on Monday . The company traded as high as C$8.95 and last traded at C$8.25. 2,567,930 shares traded hands during trading, an increase of 345% from the average session volume of 577,462 shares. The stock had previously closed at C$6.77.

Aurora Cannabis Price Performance

The firm has a market cap of C$487.09 million, a P/E ratio of -26.24 and a beta of 1.20. 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 business has a 50-day moving average of C$6.81 and a two-hundred day moving average of C$6.65.

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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