Shares of Aurora Spine Co. (CVE:ASG – Get Free Report) shot up 4.5% on Friday . The company traded as high as C$0.23 and last traded at C$0.23. 101,500 shares traded hands during mid-day trading, an increase of 142% from the average session volume of 41,974 shares. The stock had previously closed at C$0.22.
Aurora Spine Stock Performance
The stock has a market capitalization of C$17.96 million, a price-to-earnings ratio of -23.00 and a beta of -0.86. The company has a 50 day simple moving average of C$0.26 and a 200-day simple moving average of C$0.27. The company has a quick ratio of 1.40, a current ratio of 2.53 and a debt-to-equity ratio of 62.27.
About Aurora Spine
Aurora Spine Corporation, through its subsidiary, Aurora Spine, Inc, engages in the development and distribution of minimally invasive interspinous fusion systems and devices in Canada. The company offers interspinous process lumbar fusion devices, such as the ZIP, ZIP ULTRA, ZIP LP, and ZIP-51 for patients suffering from degenerative disc diseases; and Ti-Coated polyether ether ketone interbody cages, which provide spacing and stability between the vertebrae while bone grows to complete the fusion process.
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