Aurora Spine (CVE:ASG) Trading 12.5% Higher – Still a Buy?

Shares of Aurora Spine Co. (CVE:ASG) rose 12.5% on Friday . The stock traded as high as C$0.38 and last traded at C$0.36. Approximately 37,600 shares were traded during mid-day trading, an increase of 84% from the average daily volume of 20,401 shares. The stock had previously closed at C$0.32.

Aurora Spine Stock Performance

The company has a quick ratio of 1.40, a current ratio of 2.35 and a debt-to-equity ratio of 76.02. The stock has a market capitalization of C$27.87 million, a P/E ratio of -36.00 and a beta of 0.63. The business has a fifty day moving average price of C$0.28 and a 200-day moving average price of C$0.28.

Aurora Spine Company Profile

Aurora Spine Corporation, through its subsidiary, Aurora Spine, Inc, engages in the development and distribution of minimally invasive interspinous fusion systems and devices in Canada. The company offers interspinous process lumbar fusion devices, such as the ZIP, ZIP ULTRA, ZIP LP, and ZIP-51 for patients suffering from degenerative disc diseases; and Ti-Coated polyether ether ketone interbody cages, which provide spacing and stability between the vertebrae while bone grows to complete the fusion process.