Aurora Cannabis (OTCMKTS:ACBFF) Shares Pass Below 50-Day Moving Average – Here’s Why

Aurora Cannabis Inc (OTCMKTS:ACBFFGet Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.86 and traded as low as $4.41. Aurora Cannabis shares last traded at $4.62, with a volume of 2,684,286 shares trading hands.

Aurora Cannabis Price Performance

The stock has a market capitalization of $4.26 billion and a PE ratio of 36.92. The firm’s 50 day simple moving average is $4.86 and its 200 day simple moving average is $4.92.

About Aurora Cannabis

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Aurora Cannabis Inc is a Canada-based company engaged in the production and distribution of medical cannabis. The Company is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, home cultivation, wholesale and retail distribution.

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