Aurora Cannabis (TSE:ACB) Shares Down 8.7% – Here’s What Happened

Aurora Cannabis Inc. (TSE:ACB) shares were down 8.7% on Thursday . The company traded as low as C$3.77 and last traded at C$4.19. Approximately 1,244,707 shares traded hands during mid-day trading, an increase of 205% from the average daily volume of 408,107 shares. The stock had previously closed at C$4.59.

Aurora Cannabis Stock Down 8.3%

The company has a debt-to-equity ratio of 25.02, a quick ratio of 2.48 and a current ratio of 3.06. The stock has a 50 day moving average price of C$4.78 and a 200 day moving average price of C$5.32. The company has a market cap of C$248.92 million, a P/E ratio of -2.81 and a beta of 0.17.

Aurora Cannabis (TSE:ACB) last posted its quarterly earnings data on Thursday, June 11th. The company reported C($0.99) earnings per share for the quarter. Aurora Cannabis had a negative net margin of 1.69% and a negative return on equity of 1.15%. The business had revenue of C$38.01 million for the quarter. Research analysts expect that Aurora Cannabis Inc. will post -0.22 earnings per share for the current fiscal year.

Aurora Cannabis Company Profile

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael ’71. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements or cultivation facilities in more than 20 countries.