Aurania Resources (CVE:ARU) Shares Up 27.9% – Time to Buy?

Aurania Resources Ltd. (CVE:ARU – Get Free Report)’s stock price shot up 27.9% during mid-day trading on Thursday. The company traded as high as C$0.29 and last traded at C$0.28. 151,500 shares changed hands during trading, an increase of 238% from the average session volume of 44,840 shares. The stock had previously closed at C$0.21.

Aurania Resources Stock Up 23.3%

The firm has a market capitalization of C$37.16 million, a PE ratio of -0.88 and a beta of -0.45. The company’s 50 day simple moving average is C$0.20 and its 200-day simple moving average is C$0.19. The company has a debt-to-equity ratio of 120.92, a quick ratio of 2.13 and a current ratio of 0.90.

Aurania Resources Company Profile

(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. The company was formerly known as Urania Resources Ltd.

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