Aurora Cannabis (TSE:ACB) Stock Price Up 29% – Here’s Why

Aurora Cannabis Inc. (TSE:ACBGet Free Report) traded up 29% during trading on Monday . The company traded as high as C$8.86 and last traded at C$8.73. 1,819,283 shares traded hands during trading, an increase of 218% from the average session volume of 571,812 shares. The stock had previously closed at C$6.77.

Aurora Cannabis Stock Performance

The company has a current ratio of 3.42, a quick ratio of 2.48 and a debt-to-equity ratio of 18.72. The firm has a market cap of C$488.22 million, a price-to-earnings ratio of -26.30 and a beta of 1.20. The stock has a fifty day moving average price of C$6.81 and a 200 day moving average price of C$6.65.

About Aurora Cannabis

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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.

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