Aurania Resources (CVE:ARU) Trading Up 14.6% – Still a Buy?

Aurania Resources Ltd. (CVE:ARU) shares were up 14.6% on Tuesday . The company traded as high as C$0.30 and last traded at C$0.24. Approximately 113,500 shares traded hands during trading, an increase of 100% from the average daily volume of 56,646 shares. The stock had previously closed at C$0.21.

Aurania Resources Price Performance

The business’s 50-day moving average is C$0.19 and its two-hundred day moving average is C$0.19. The company has a quick ratio of 2.14, a current ratio of 0.90 and a debt-to-equity ratio of 120.92. The company has a market capitalization of C$30.19 million, a P/E ratio of -1.85 and a beta of 0.00.

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. The company was formerly known as Urania Resources Ltd.