Aurania Resources (CVE:ARU) Shares Down 7.5% – Should You Sell?

Aurania Resources Ltd. (CVE:ARU)’s share price fell 7.5% during mid-day trading on Thursday . The stock traded as low as C$0.37 and last traded at C$0.37. 26,300 shares changed hands during trading, a decline of 27% from the average session volume of 35,844 shares. The stock had previously closed at C$0.40.

Aurania Resources Price Performance

The company has a current ratio of 0.90, a quick ratio of 2.14 and a debt-to-equity ratio of 120.92. The firm has a market capitalization of C$35.72 million, a P/E ratio of -2.85 and a beta of 1.59. The company has a 50 day moving average of C$0.47 and a 200-day moving average of C$0.53.

About Aurania Resources

Aurania Resources Ltd., a junior exploration mining company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in Ecuador and Peru. The company explores for gold, silver, copper, and other precious metal deposits. Its flagship project is the 100% owned Lost Cities Cutucu project comprises 42 mineral exploration concessions covering an area of approximately 207,764 hectares located in southeastern Ecuador.