Aurora Spine (CVE:ASG) Trading Up 14.3% – Still a Buy?

Aurora Spine Co. (CVE:ASGGet Free Report) shares were up 14.3% during trading on Monday . The stock traded as high as C$0.24 and last traded at C$0.24. Approximately 31,400 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 36,492 shares. The stock had previously closed at C$0.21.

Aurora Spine Price Performance

The business’s 50 day moving average is C$0.23 and its two-hundred day moving average is C$0.26. The company has a debt-to-equity ratio of 62.27, a quick ratio of 1.40 and a current ratio of 2.53. The firm has a market capitalization of C$16.40 million, a PE ratio of -21.00 and a beta of -0.86.

About Aurora Spine

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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.

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