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Aurora Cannabis (TSE:ACB) Shares Down 20.1% - Should You Sell?

Aurora Cannabis logo with Medical background

Aurora Cannabis Inc. (TSE:ACB - Get Free Report) shares fell 20.1% during trading on Wednesday . The company traded as low as C$6.31 and last traded at C$6.41. 1,631,037 shares traded hands during 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 Trading Down 8.7%

The stock 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. The company has a market cap of C$305.82 million, a price-to-earnings ratio of -6.90 and a beta of 2.71.

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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