Aurora Spine (CVE:ASG) Trading Down 8.5% – Time to Sell?
by Kim Johansen · The Markets DailyAurora Spine Co. (CVE:ASG – Get Free Report)’s share price was down 8.5% during trading on Friday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 11,021 shares were traded during trading, a decline of 71% from the average session volume of 38,447 shares. The stock had previously closed at C$0.23.
Aurora Spine Trading Down 8.5%
The company has a current ratio of 2.53, a quick ratio of 1.40 and a debt-to-equity ratio of 62.27. The stock has a 50 day simple moving average of C$0.24 and a 200-day simple moving average of C$0.26. The firm has a market cap of C$16.79 million, a P/E ratio of -21.50 and a beta of -0.84.
Aurora Spine Company Profile
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.