Aurania Resources (CVE:ARU) Stock Price Down 18.6%

Aurania Resources Ltd. (CVE:ARU) shares were down 18.6% on Tuesday . The stock traded as low as C$0.57 and last traded at C$0.57. Approximately 109,263 shares changed hands during mid-day trading, an increase of 185% from the average daily volume of 38,332 shares. The stock had previously closed at C$0.70.

Analyst Upgrades and Downgrades

Separately, Noble Financial upgraded shares of Aurania Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 29th.

Aurania Resources Stock Performance

The business has a 50 day moving average of C$0.52 and a 200-day moving average of C$0.35. The company has a debt-to-equity ratio of 120.92, a quick ratio of 2.14 and a current ratio of 0.16. The company has a market capitalization of C$58.90 million, a P/E ratio of -4.38 and a beta of 1.63.

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.