Aurora Spine (CVE:ASG) Stock Price Down 2% – What’s Next?

Aurora Spine Co. (CVE:ASG)’s stock price was down 2% during mid-day trading on Monday . The company traded as low as C$0.24 and last traded at C$0.25. Approximately 17,000 shares traded hands during trading, a decline of 56% from the average daily volume of 38,579 shares. The stock had previously closed at C$0.26.

Aurora Spine Stock Performance

The company has a current ratio of 2.40, a quick ratio of 1.40 and a debt-to-equity ratio of 73.68. The firm has a market capitalization of C$19.51 million, a PE ratio of -25.00 and a beta of -0.17. The firm’s fifty day moving average price is C$0.28 and its 200 day moving average price is C$0.30.

Aurora Spine Company Profile

Aurora Spine Corporation, through its subsidiary, Aurora Spine, Inc, engages in the development and distribution of minimally invasive interspinous fusion systems and devices in Canada. The company offers interspinous process lumbar fusion devices, such as the ZIP, ZIP ULTRA, ZIP LP, and ZIP-51 for patients suffering from degenerative disc diseases; and Ti-Coated polyether ether ketone interbody cages, which provide spacing and stability between the vertebrae while bone grows to complete the fusion process.