Aurora Cannabis (TSE:ACB) Trading Down 0.9% – Should You Sell?

Aurora Cannabis Inc. (TSE:ACB)’s stock price dropped 0.9% during trading on Monday . The company traded as low as C$6.28 and last traded at C$6.37. Approximately 317,811 shares traded hands during trading, a decline of 46% from the average daily volume of 587,628 shares. The stock had previously closed at C$6.43.

Aurora Cannabis Price Performance

The company has a market capitalization of C$357.16 million, a P/E ratio of -6.23 and a beta of 1.01. The firm has a fifty day moving average of C$6.98 and a 200 day moving average of C$6.87. The company has a current ratio of 3.42, a quick ratio of 2.48 and a debt-to-equity ratio of 18.72.

Aurora Cannabis (TSE:ACB) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C($0.91) earnings per share for the quarter. Aurora Cannabis had a negative return on equity of 8.36% and a negative net margin of 22.55%.The business had revenue of C$90.37 million for the quarter. On average, equities research analysts anticipate that Aurora Cannabis Inc. will post -0.22 EPS for the current 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.