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Aurora Cannabis (TSE:ACB) Trading Down 3.7% - Here's What Happened

Aurora Cannabis logo with Medical background

Shares of Aurora Cannabis Inc. (TSE:ACB - Get Free Report) dropped 3.7% on Wednesday . The stock traded as low as C$8.00 and last traded at C$8.02. Approximately 785,169 shares were traded during mid-day 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 Price Performance

The company has a debt-to-equity ratio of 18.72, a quick ratio of 2.48 and a current ratio of 3.42. The company has a market capitalization of C$357.79 million, a PE ratio of -8.08 and a beta of 2.71. The stock has a 50 day moving average price of C$6.97 and a two-hundred day moving average price of C$6.70.

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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