Aurania Resources (CVE:ARU) Trading 31.8% Higher – Still a Buy?

Shares of Aurania Resources Ltd. (CVE:ARU) rose 31.8% during trading on Tuesday . The company traded as high as C$0.31 and last traded at C$0.29. Approximately 262,242 shares traded hands during mid-day trading, an increase of 410% from the average daily volume of 51,409 shares. The stock had previously closed at C$0.22.

Aurania Resources Stock 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’s 50-day simple moving average is C$0.29 and its two-hundred day simple moving average is C$0.39. The company has a market cap of C$29.93 million, a PE ratio of -2.38 and a beta of 1.59.

Aurania Resources Company Profile

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.