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Aurora Cannabis (TSE:ACB) Stock Price Down 20.2% - Here's What Happened

Aurora Cannabis logo with Medical background

Aurora Cannabis Inc. (TSE:ACB - Get Free Report)'s share price traded down 20.2% on Thursday . The stock traded as low as C$6.31 and last traded at C$6.40. 1,868,867 shares changed hands during trading, an increase of 257% from the average session volume of 523,132 shares. The stock had previously closed at C$8.02.

Aurora Cannabis Stock Down 8.7%

The firm has a market cap of C$305.82 million, a PE ratio of -6.90 and a beta of 2.71. The company's 50 day moving average price is C$6.98 and its two-hundred day moving average price is 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.

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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