Aurora Spine (CVE:ASG) Stock Price Down 5.5% – Here’s What Happened

Shares of Aurora Spine Co. (CVE:ASG) dropped 5.5% on Wednesday . The company traded as low as C$0.26 and last traded at C$0.26. Approximately 5,000 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 31,661 shares. The stock had previously closed at C$0.28.

Aurora Spine Stock Performance

The stock has a market capitalization of C$20.29 million, a price-to-earnings ratio of -26.00 and a beta of -0.71. The company has a 50 day simple moving average of C$0.28 and a 200-day simple moving average of C$0.28. The company has a quick ratio of 1.40, a current ratio of 1.94 and a debt-to-equity ratio of 93.63.

About Aurora Spine

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.