Aurora Cannabis in penny stock territory after another bad week

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Summary

It’s been an even rougher stretch than usual for Aurora Cannabis. It has been a rough stretch for Canada’s cannabis industry in general, but declining oil prices and coronavirus fears have taken a huge toll on the stock market and pushed Aurora to new lows. Hovering around the $1 mark as of Friday afternoon, the stock has dropped a dismal 60 percent year-to-date. What would a $10,000 investment in Canopy Growth and Aurora Cannabis be worth now? 'Troubling': Aurora's woes continue with declining cannabis revenue, product returns Aurora cannabis now has $1 price target: analyst The Canadian cannabis producer’s stock dropped below a dollar on the New York Stock Exchange (NYSE) for the first time this week, putting it in danger of being delisted from the exchange and putting it at risk of becoming a penny stock, according to Market Realist. Subscribe to the Cannabis Post newsletter for weekly insights into the industry, what insiders will be talking about and content from across the Postmedia Network.

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