Aurora Cannabis (OTCMKTS:ACBFF) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Aurora Cannabis Inc (OTCMKTS:ACBFFGet Free Report)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.37 and traded as low as $3.90. Aurora Cannabis shares last traded at $3.96, with a volume of 664,601 shares trading hands.

Aurora Cannabis Price Performance

The firm has a market capitalization of $3.70 billion and a price-to-earnings ratio of 32.08. The business’s 50 day moving average price is $4.37 and its 200-day moving average price is $5.31.

About Aurora Cannabis

(Get Free Report)

Aurora Cannabis Inc is a Canada-based company engaged in the production and distribution of medical cannabis. The Company is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, home cultivation, wholesale and retail distribution.

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