Aurora Cannabis (ACB) Shares Up 4%

Aurora Cannabis Inc (TSE:ACB)’s share price shot up 4% during mid-day trading on Thursday . The stock traded as high as C$6.60 and last traded at C$6.46. 3,870,774 shares were traded during trading, a decline of 80% from the average session volume of 18,948,174 shares. The stock had previously closed at C$6.21.

Separately, Canaccord Genuity boosted their price target on Aurora Cannabis from C$11.00 to C$13.00 in a research note on Wednesday, September 26th.

The company has a debt-to-equity ratio of 6.61, a quick ratio of 5.43 and a current ratio of 6.54.

Aurora Cannabis (TSE:ACB) last issued its quarterly earnings results on Monday, November 12th. The company reported C$0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.04) by C$0.16. The firm had revenue of C$29.67 million for the quarter, compared to the consensus estimate of C$39.50 million. As a group, analysts forecast that Aurora Cannabis Inc will post 0.139999999549114 EPS for the current year.

A hedge fund recently bought a new stake in Aurora Cannabis stock. Gulf International Bank UK Ltd acquired a new stake in Aurora Cannabis Inc (TSE:ACB) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 11,669 shares of the company’s stock, valued at approximately $112,000.

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About Aurora Cannabis (TSE:ACB)

Aurora Cannabis Inc is a Canada-based company engaged in the production and distribution of medical cannabis. The Company is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, home cultivation, wholesale and retail distribution.

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