Aurora Cannabis (TSE:ACB) Trading Up 26.4% - Here's What Happened

Key Points

• Aurora Cannabis Inc. shares surged by 26.4%, closing at C$8.56 after hitting a peak of C$8.95 amidst a trading volume increase of 394% compared to the average.
• The company has a market capitalization of C$487.09 million and is dealing with a negative price-to-earnings ratio of -26.24.
• Aurora Cannabis, based in Edmonton, Canada, is a leading provider of both medicinal and recreational cannabis, with its operations spanning over 20 countries internationally.

Aurora Cannabis Inc. (TSE:ACB - ) was up 26.4% during trading on Monday . The stock traded as high as C$8.95 and last traded at C$8.56. Approximately 2,865,104 shares changed hands during mid-day trading, an increase of 394% from the average daily volume of 579,820 shares. The stock had previously closed at C$6.77.

Aurora Cannabis Price Performance

The company has a 50 day moving average price of C$6.81 and a 200 day moving average price of C$6.65. The company has a market capitalization of C$487.09 million, a price-to-earnings ratio of -26.24 and a beta of 1.20. 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

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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