Aurania Resources (CVE:ARU) Trading Up 36.4% – Still a Buy?

Aurania Resources Ltd. (CVE:ARU) was up 36.4% on Tuesday . The company traded as high as C$0.30 and last traded at C$0.30. Approximately 135,787 shares traded hands during trading, an increase of 174% from the average daily volume of 49,510 shares. The stock had previously closed at C$0.22.

Aurania Resources Stock Up 40.9%

The business has a 50-day moving average of C$0.29 and a 200-day moving average of C$0.39. 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 stock has a market capitalization of C$29.93 million, a price-to-earnings 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.