Aurania Resources (CVE:ARU) Shares Down 18.6%

Aurania Resources Ltd. (CVE:ARU)’s share price dropped 18.6% on Tuesday . The company traded as low as C$0.57 and last traded at C$0.57. Approximately 109,263 shares were traded during trading, an increase of 185% from the average daily volume of 38,332 shares. The stock had previously closed at C$0.70.

Analysts Set New Price Targets

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 Trading Up 7.0 %

The company has a quick ratio of 2.14, a current ratio of 0.16 and a debt-to-equity ratio of 120.92. The company has a market capitalization of C$58.90 million, a P/E ratio of -4.38 and a beta of 1.63. The firm’s 50-day moving average price is C$0.52 and its 200 day moving average price is C$0.35.

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.