Aurania Resources (CVE:ARU) Trading Down 9.5% – Should You Sell?

Aurania Resources Ltd. (CVE:ARU)’s share price dropped 9.5% during mid-day trading on Friday . The company traded as low as C$0.18 and last traded at C$0.19. Approximately 152,504 shares traded hands during mid-day trading, an increase of 152% from the average daily volume of 60,547 shares. The stock had previously closed at C$0.21.

Aurania Resources Stock Down 9.5%

The firm has a market capitalization of C$23.90 million, a P/E ratio of -1.46 and a beta of 1.53. The firm’s 50 day moving average is C$0.17 and its two-hundred day moving average is C$0.17. The company has a debt-to-equity ratio of 120.92, a current ratio of 0.90 and a quick ratio of 2.14.

About Aurania Resources

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. The company was formerly known as Urania Resources Ltd.