Aurania Resources (CVE:ARU) Shares Up 18.5% – Here’s Why

Aurania Resources Ltd. (CVE:ARU) shares shot up 18.5% during mid-day trading on Monday . The stock traded as high as C$0.40 and last traded at C$0.39. 210,667 shares traded hands during trading, an increase of 217% from the average session volume of 66,561 shares. The stock had previously closed at C$0.33.

Aurania Resources Trading Down 2.6 %

The business has a 50 day moving average price of C$0.45 and a 200-day moving average price of C$0.53. The company has a quick ratio of 2.14, a current ratio of 0.90 and a debt-to-equity ratio of 120.92. The firm has a market cap of C$35.72 million, a price-to-earnings ratio of -2.85 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.