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

Aurania Resources Ltd. (CVE:ARU) shares traded up 31.5% on Friday . The company 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 Trading Up 31.5%

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 capitalization of C$44.66 million, a PE ratio of -3.55 and a beta of 2.12. The stock’s 50 day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.21.

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.