Aurania Resources (CVE:ARU) Reaches New 52-Week High – Here’s Why

Aurania Resources Ltd. (CVE:ARU) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.75 and last traded at C$0.71, with a volume of 74430 shares. The stock had previously closed at C$0.69.

Aurania Resources Stock Performance

The business has a fifty day moving average price of C$0.62 and a 200-day moving average price of C$0.45. 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 stock has a market capitalization of C$67.59 million, a P/E ratio of -5.31 and a beta of 1.59.

Aurania Resources (CVE:ARU) last released its quarterly earnings results on Monday, August 26th. The company reported C($0.02) EPS for the quarter, meeting the consensus estimate of C($0.02). On average, sell-side analysts expect that Aurania Resources Ltd. will post -0.18 EPS for the current 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.