Aurania Resources (CVE:ARU) Shares Up 18.5% – Still a Buy?

Aurania Resources Ltd. (CVE:ARU) shares traded up 18.5% during mid-day trading on Tuesday . The company traded as high as C$0.40 and last traded at C$0.39. 210,667 shares changed hands during mid-day 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 Price Performance

The company has a 50-day moving average of C$0.44 and a 200 day moving average of C$0.52. The firm has a market cap of C$35.72 million, a P/E ratio of -2.85 and a beta of 1.59. The company has a debt-to-equity ratio of 120.92, a quick ratio of 2.14 and a current ratio of 0.90.

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.