Aurora Cannabis (ACB) Trading 4% Higher
Shares of Aurora Cannabis Inc (TSE:ACB) traded up 4% during trading on Thursday . The company traded as high as C$6.60 and last traded at C$6.46. 3,870,774 shares changed hands during mid-day 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 upped their price target on Aurora Cannabis from C$11.00 to C$13.00 in a research report 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.
A hedge fund recently bought a new stake in Aurora Cannabis stock. Gulf International Bank UK Ltd bought a new position in shares of Aurora Cannabis Inc (TSE:ACB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,669 shares of the company’s stock, valued at approximately $112,000.
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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