Aurora Cannabis (TSE:ACB) Shares Down 4.6% – Here’s Why

Aurora Cannabis Inc. (TSE:ACB) shares were down 4.6% during trading on Tuesday . The stock traded as low as C$6.18 and last traded at C$6.20. Approximately 357,022 shares traded hands during trading, a decline of 65% from the average daily volume of 1,021,434 shares. The stock had previously closed at C$6.50.

Aurora Cannabis Price Performance

The firm has a fifty day moving average price of C$7.18 and a two-hundred day moving average price of C$7.77. The stock has a market capitalization of C$338.89 million, a P/E ratio of -9.84 and a beta of 2.71. The company has a debt-to-equity ratio of 16.95, a quick ratio of 2.48 and a current ratio of 3.76.

Insider Buying and Selling

In other news, Senior Officer Andre Jerome sold 7,712 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$7.70, for a total transaction of C$59,382.40.

Aurora Cannabis Company Profile

Aurora Cannabis Inc, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and cannabis-derivative products in Canada and internationally. It operates through two segments, Canadian Cannabis and Plant Propagation. The company offers medical and consumer cannabis products; supplies propagated vegetables and ornamental plants; and distributes and sells hemp-derived cannabidiol (CBD) products.