Aurora Cannabis (TSE:ACB) Trading Down 4.5% – Here’s Why

Shares of Aurora Cannabis Inc. (TSE:ACB) fell 4.5% during mid-day trading on Friday . The company traded as low as C$4.65 and last traded at C$4.70. 485,956 shares were traded during mid-day trading, an increase of 22% from the average session volume of 398,895 shares. The stock had previously closed at C$4.92.

Aurora Cannabis Price Performance

The company has a quick ratio of 2.48, a current ratio of 3.06 and a debt-to-equity ratio of 25.02. The company has a market capitalization of C$277.90 million, a P/E ratio of -3.13 and a beta of 0.17. The business has a 50 day simple moving average of C$4.76 and a 200-day simple moving average of C$5.35.

Aurora Cannabis (TSE:ACB) last posted its earnings results on Wednesday, February 4th. The company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$94.19 million for the quarter. Aurora Cannabis had a negative return on equity of 1.15% and a negative net margin of 1.69%. Analysts predict that Aurora Cannabis Inc. will post -0.22 EPS for the current fiscal 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.