Aurora Spine (CVE:ASG) Trading Down 14.3% – Time to Sell?

Aurora Spine Co. (CVE:ASGGet Free Report)’s stock price dropped 14.3% on Friday . The stock traded as low as C$0.22 and last traded at C$0.24. Approximately 222,873 shares were traded during trading, an increase of 441% from the average daily volume of 41,188 shares. The stock had previously closed at C$0.28.

Aurora Spine Price Performance

The company has a quick ratio of 1.40, a current ratio of 2.33 and a debt-to-equity ratio of 18.11. The firm has a market cap of C$18.74 million, a PE ratio of -24.00 and a beta of -0.75. The firm’s fifty day simple moving average is C$0.27 and its two-hundred day simple moving average is C$0.28.

About Aurora Spine

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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.

Further Reading

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