Aurora Spine (CVE:ASG) Shares Down 3.6% – Here’s Why

by · The Cerbat Gem

Aurora Spine Co. (CVE:ASG – Get Free Report)’s share price fell 3.6% on Wednesday . The company traded as low as C$0.27 and last traded at C$0.27. 40,000 shares traded hands during trading, an increase of 3% from the average session volume of 38,719 shares. The stock had previously closed at C$0.28.

Aurora Spine Price Performance

The firm has a market capitalization of C$20.68 million, a price-to-earnings ratio of -26.50 and a beta of -0.17. The company has a current ratio of 2.40, a quick ratio of 1.40 and a debt-to-equity ratio of 73.68. The business has a 50-day moving average price of C$0.29 and a two-hundred day moving average price of C$0.30.

About Aurora Spine

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Aurora Spine Corporation, through its subsidiary, Aurora Spine, Inc, engages in the development and distribution of minimally invasive interspinous fusion systems and devices in Canada. The company offers interspinous process lumbar fusion devices, such as the ZIP, ZIP ULTRA, ZIP LP, and ZIP-51 for patients suffering from degenerative disc diseases; and Ti-Coated polyether ether ketone interbody cages, which provide spacing and stability between the vertebrae while bone grows to complete the fusion process.

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