Aurania Resources (CVE:ARU) Stock Price Down 13.5% – Should You Sell?

Aurania Resources Ltd. (CVE:ARU) shares fell 13.5% on Friday . The stock traded as low as C$0.14 and last traded at C$0.16. 234,800 shares changed hands during mid-day trading, an increase of 238% from the average session volume of 69,450 shares. The stock had previously closed at C$0.19.

Aurania Resources Stock Performance

The business has a 50-day moving average price of C$0.20 and a 200-day moving average price of C$0.18. 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 firm has a market capitalization of C$20.13 million, a price-to-earnings ratio of -1.23 and a beta of 1.89.

About Aurania Resources

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.