Aurania Resources (CVE:ARU) Trading 2.3% Higher

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

Analyst Upgrades and Downgrades

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

Aurania Resources Trading Up 2.3 %

The stock has a market cap of C$44.02 million, a price-to-earnings ratio of -3.00 and a beta of 1.64. The business’s 50 day moving average is C$0.37 and its 200 day moving average is C$0.28. The company has a debt-to-equity ratio of 120.92, a current ratio of 0.57 and a quick ratio of 2.14.

Aurania Resources (CVE:ARU) last posted its earnings results on Monday, May 27th. The company reported C($0.07) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.06). As a group, equities analysts expect that Aurania Resources Ltd. will post -0.18 earnings per share for the current fiscal year.

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.