Aurora stock plunges 16% in third-worst trading day in the past three years

Aurora Cannabis Inc. stock had its third-worst trading day in the past three years Monday, falling 16.4% to close at C$3. Aurora had its worst trading day in the past three years Friday, after the company’s disappointing fiscal first-quarter earnings. Executives said last week Aurora had halted construction on a facility in Alberta and one in Denmark and planned to force the conversion of convertible debentures due in March, further diluting the stock. On Friday, analysts raced to cut their forecasts of the second-largest weed producer in Canada by sales. Aurora stock has lost more than half its value this year, as the ETFMG Alternative Harvest ETF has fallen 36%. READ MORE: https://finance.yahoo.com/m/8bcf3009-cdf2-3cac-922d-672d3632175c/aurora-stock-plunges-16%25-in.html?.tsrc=rss The post Aurora stock plunges 16% in third-worst trading day in the past three years appeared first on Cannabis Daily.

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