Aurora Spine (CVE:ASG) Shares Up 13.5% – Here’s Why

Aurora Spine Co. (CVE:ASG)’s stock price traded up 13.5% during mid-day trading on Friday . The company traded as high as C$0.42 and last traded at C$0.42. 107,500 shares changed hands during mid-day trading, an increase of 314% from the average session volume of 25,960 shares. The stock had previously closed at C$0.37.

Aurora Spine Stock Up 13.5 %

The firm has a market capitalization of C$32.52 million, a price-to-earnings ratio of -42.00 and a beta of 0.63. The firm has a fifty day moving average price of C$0.37 and a 200 day moving average price of C$0.31. The company has a current ratio of 2.35, a quick ratio of 1.40 and a debt-to-equity ratio of 76.02.

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.