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Aurora Cannabis (TSE:ACB) Shares Down 3.7% - Here's Why

Aurora Cannabis logo with Medical background

Aurora Cannabis Inc. (TSE:ACB - Get Free Report) was down 3.7% during trading on Wednesday . The company traded as low as C$8.00 and last traded at C$8.02. Approximately 785,169 shares changed hands during trading, an increase of 53% from the average daily volume of 511,531 shares. The stock had previously closed at C$8.33.

Aurora Cannabis Stock Performance

The company has a market cap of C$305.82 million, a P/E ratio of -6.90 and a beta of 2.71. The business's 50 day simple moving average is C$6.98 and its 200 day simple moving average is C$6.69. The company has a current ratio of 3.42, a quick ratio of 2.48 and a debt-to-equity ratio of 18.72.

About Aurora Cannabis

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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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