Aurania Resources (CVE:ARU) Shares Up 2.3%

Aurania Resources Ltd. (CVE:ARU) rose 2.3% during mid-day trading on Friday . The stock traded as high as C$0.45 and last traded at C$0.45. Approximately 41,963 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 35,153 shares. The stock had previously closed at C$0.44.

Wall Street Analysts Forecast Growth

Separately, Noble Financial raised Aurania Resources from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 29th.

Aurania Resources Stock Performance

The company has a debt-to-equity ratio of 120.92, a quick ratio of 2.14 and a current ratio of 0.57. The stock has a fifty day simple moving average of C$0.37 and a two-hundred day simple moving average of C$0.28. The stock has a market cap of C$44.02 million, a PE ratio of -3.00 and a beta of 1.64.

Aurania Resources (CVE:ARU) last released its quarterly earnings results on Monday, May 27th. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.06). Equities analysts anticipate that Aurania Resources Ltd. will post -0.18 EPS for the current fiscal year.

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.