Aurania Resources (CVE:ARU) Shares Up 18.5% – Should You Buy?

Shares of Aurania Resources Ltd. (CVE:ARUGet Free Report) shot up 18.5% during trading on Tuesday . The company traded as high as C$0.40 and last traded at C$0.39. 210,667 shares traded hands during trading, an increase of 217% from the average session volume of 66,561 shares. The stock had previously closed at C$0.33.

Aurania Resources Stock Down 2.6 %

The firm’s fifty day simple moving average is C$0.44 and its two-hundred day simple moving average is C$0.52. The company has a current ratio of 0.90, a quick ratio of 2.14 and a debt-to-equity ratio of 120.92. The company has a market capitalization of C$35.72 million, a price-to-earnings ratio of -2.85 and a beta of 1.59.

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.

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