Aurora Cannabis (TSE:ACB) Shares Down 0.8% – Here’s What Happened

Aurora Cannabis Inc. (TSE:ACB)’s share price dropped 0.8% during mid-day trading on Thursday . The stock traded as low as C$6.26 and last traded at C$6.34. Approximately 62,609 shares traded hands during trading, a decline of 84% from the average daily volume of 389,808 shares. The stock had previously closed at C$6.39.

Analyst Ratings Changes

Several equities research analysts recently commented on ACB shares. TD Securities raised Aurora Cannabis to a “strong-buy” rating in a research note on Thursday, December 12th. ATB Capital decreased their target price on shares of Aurora Cannabis from C$11.00 to C$8.50 in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$5.85.

Aurora Cannabis Stock Performance

The company has a debt-to-equity ratio of 16.95, a quick ratio of 2.48 and a current ratio of 3.76. The company has a market cap of C$346.54 million, a P/E ratio of -10.06 and a beta of 2.71. The firm has a 50 day moving average price of C$6.42 and a 200-day moving average price of C$7.38.

About Aurora Cannabis

Aurora Cannabis Inc, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and cannabis-derivative products in Canada and internationally. It operates through two segments, Canadian Cannabis and Plant Propagation. The company offers medical and consumer cannabis products; supplies propagated vegetables and ornamental plants; and distributes and sells hemp-derived cannabidiol (CBD) products.