Aurania Resources (CVE:ARU) Stock Price Up 40.9% – Here’s Why

Aurania Resources Ltd. (CVE:ARU)’s share price shot up 40.9% during mid-day trading on Tuesday . The stock traded as high as C$0.31 and last traded at C$0.31. 302,242 shares changed hands during mid-day trading, an increase of 483% from the average session volume of 51,851 shares. The stock had previously closed at C$0.22.

Aurania Resources Trading Up 40.9%

The firm’s 50 day moving average price is C$0.29 and its 200-day moving average price is C$0.39. The company has a debt-to-equity ratio of 120.92, a current ratio of 0.90 and a quick ratio of 2.14. The stock has a market cap of C$29.93 million, a P/E ratio of -2.38 and a beta of 1.59.

Aurania Resources Company Profile

Aurania Resources Ltd., a junior exploration mining company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in Ecuador and Peru. The company explores for gold, silver, copper, and other precious metal deposits. Its flagship project is the 100% owned Lost Cities Cutucu project comprises 42 mineral exploration concessions covering an area of approximately 207,764 hectares located in southeastern Ecuador.