Aurora Spine (CVE:ASG) Shares Down 14.3% – Time to Sell?

Shares of Aurora Spine Co. (CVE:ASG) traded down 14.3% during trading on Friday . The company traded as low as C$0.22 and last traded at C$0.24. 222,873 shares traded hands during mid-day trading, an increase of 441% from the average session volume of 41,188 shares. The stock had previously closed at C$0.28.

Aurora Spine Price Performance

The business’s 50-day moving average price is C$0.27 and its 200 day moving average price is C$0.28. The company has a quick ratio of 1.40, a current ratio of 2.33 and a debt-to-equity ratio of 18.11. The company has a market capitalization of C$18.74 million, a P/E ratio of -24.00 and a beta of -0.75.

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.