Aurora Cannabis (ACB) Stock Price Up 9%

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Aurora Cannabis Inc (TSE:ACB) rose 9% during mid-day trading on Wednesday . The company traded as high as C$8.12 and last traded at C$10.59. Approximately 31,333,499 shares were traded during mid-day trading, an increase of 62% from the average daily volume of 19,344,010 shares. The stock had previously closed at C$9.72.

ACB has been the subject of a number of research reports. Canaccord Genuity upped their price objective on shares of Aurora Cannabis from C$11.00 to C$13.00 in a research note on Wednesday, September 26th. Eight Capital reaffirmed a “buy” rating and issued a C$9.00 price objective on shares of Aurora Cannabis in a research note on Thursday, August 2nd.

Aurora Cannabis (TSE:ACB) last announced its quarterly earnings results on Tuesday, September 25th. The company reported C$0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.04) by C$0.21. The firm had revenue of C$19.15 million for the quarter, compared to analysts’ expectations of C$23.01 million.

An institutional investor recently bought a new position in Aurora Cannabis stock. Gulf International Bank UK Ltd purchased a new stake in shares of Aurora Cannabis Inc (TSE:ACB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 11,669 shares of the company’s stock, valued at approximately $112,000.

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Aurora Cannabis Company Profile (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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