Aurania Resources (CVE:ARU) Trading Up 40.9% – Still a Buy?

Shares of Aurania Resources Ltd. (CVE:ARU) traded up 40.9% during trading on Tuesday . The stock traded as high as C$0.31 and last traded at C$0.31. 179,242 shares traded hands during trading, an increase of 255% from the average session volume of 50,556 shares. The stock had previously closed at C$0.22.

Aurania Resources Stock Up 40.9%

The company has a debt-to-equity ratio of 120.92, a quick ratio of 2.14 and a current ratio of 0.90. The firm’s fifty day moving average is C$0.29 and its 200 day moving average is C$0.39. The firm has a market cap of C$29.93 million, a P/E ratio of -2.38 and a beta of 1.59.

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.