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Aurora Cannabis (TSE:ACB) Trading Down 20.1% - Time to Sell?

Aurora Cannabis logo with Medical background

Aurora Cannabis Inc. (TSE:ACB - Get Free Report) shares traded down 20.1% on Wednesday . The stock traded as low as C$6.31 and last traded at C$6.41. 1,631,037 shares traded hands during mid-day trading, an increase of 213% from the average session volume of 520,315 shares. The stock had previously closed at C$8.02.

Aurora Cannabis Stock Performance

The company has a market capitalization of C$350.13 million, a price-to-earnings ratio of -7.90 and a beta of 2.71. The company has a 50 day moving average price of C$6.97 and a 200 day moving average price of C$6.70. The company has a debt-to-equity ratio of 18.72, a quick ratio of 2.48 and a current ratio of 3.42.

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.

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