Aurania Resources (CVE:ARU) Trading 13.9% Higher

Aurania Resources Ltd. (CVE:ARU)’s share price traded up 13.9% during mid-day trading on Wednesday . The company traded as high as C$0.50 and last traded at C$0.45. 110,587 shares changed hands during trading, an increase of 214% from the average session volume of 35,196 shares. The stock had previously closed at C$0.40.

Analyst Ratings Changes

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

Aurania Resources Stock Up 3.4 %

The company has a current ratio of 0.57, a quick ratio of 2.14 and a debt-to-equity ratio of 120.92. The stock’s 50-day moving average is C$0.26 and its 200-day moving average is C$0.26. The company has a market cap of C$45.00 million, a price-to-earnings ratio of -3.07 and a beta of 1.64.

Aurania Resources (CVE:ARU) last released its earnings results on Monday, May 27th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.06). On average, analysts anticipate that Aurania Resources Ltd. will post -0.18 earnings per share for the current fiscal year.

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.