Aurania Resources (CVE:ARU) Shares Up 18.5% – Should You Buy?

Shares of Aurania Resources Ltd. (CVE:ARU) shot 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 were traded 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 Stock Up 18.5 %

The business has a 50-day moving average of C$0.46 and a 200-day moving average of C$0.53. The company has a debt-to-equity ratio of 120.92, a quick ratio of 2.14 and a current ratio of 0.90. The stock has a market capitalization of C$37.17 million, a price-to-earnings ratio of -2.96 and a beta of 1.59.

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.