Aurania Resources (CVE:ARU) Trading Up 40.9% – Time to Buy?

Aurania Resources Ltd. (CVE:ARUGet Free Report) rose 40.9% on Wednesday . The stock traded as high as C$0.31 and last traded at C$0.31. Approximately 302,242 shares changed hands during mid-day trading, an increase of 483% from the average daily volume of 51,851 shares. The stock had previously closed at C$0.22.

Aurania Resources Stock Performance

The company has a quick ratio of 2.14, a current ratio of 0.90 and a debt-to-equity ratio of 120.92. The company has a market capitalization of C$29.93 million, a PE ratio of -2.38 and a beta of 1.59. The company has a 50-day moving average price of C$0.29 and a two-hundred day moving average price of C$0.39.

About Aurania Resources

(Get Free Report)

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.

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