Aurora Spine (CVE:ASG) Trading Down 8.9%

Aurora Spine Co. (CVE:ASG) shares fell 8.9% during mid-day trading on Friday . The company traded as low as C$0.26 and last traded at C$0.26. 1,000 shares changed hands during trading, a decline of 94% from the average session volume of 16,356 shares. The stock had previously closed at C$0.28.

Aurora Spine Stock Performance

The company has a quick ratio of 1.40, a current ratio of 2.60 and a debt-to-equity ratio of 68.82. The stock has a market cap of C$19.74 million, a P/E ratio of -8.50 and a beta of 0.70. The stock has a fifty day simple moving average of C$0.30 and a 200-day simple moving average of C$0.35.

Insiders Place Their Bets

In other Aurora Spine news, Director James Snow sold 412,500 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$0.24, for a total transaction of C$99,000.00. Company insiders own 20.74% of the company’s stock.

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.