Aurania Resources (CVE:ARU) Shares Up 31.5% – Here’s What Happened

Shares of Aurania Resources Ltd. (CVE:ARU) shot up 31.5% during trading on Friday . The stock traded as high as C$0.40 and last traded at C$0.36. 347,532 shares traded hands during mid-day trading, an increase of 384% from the average session volume of 71,758 shares. The stock had previously closed at C$0.27.

Aurania Resources Stock Performance

The company’s fifty day moving average price is C$0.15 and its 200 day moving average price is C$0.21. The company has a market cap of C$44.66 million, a PE ratio of -3.55 and a beta of 2.12. The company has a debt-to-equity ratio of 120.92, a current ratio of 0.90 and a quick ratio of 2.14.

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.