Previous Close | 11.17 |
Open | 10.39 |
Bid | 10.63 x 4000 |
Ask | 10.68 x 3200 |
Day's Range | 10.22 - 10.74 |
52 Week Range | 3.71 - 26.40 |
Volume | 28,882,142 |
Avg. Volume | 43,172,296 |
Market Cap | 1.966B |
Beta (5Y Monthly) | 3.26 |
PE Ratio (TTM) | 49.31 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Shares of Canadian cannabis grower Aurora Cannabis (NYSE: ACB) dropped today after the company announced a new share offering. Aurora announced that it will be issuing 12 million new shares, plus additional warrants to purchase shares. Aurora will use the $125 million in proceeds "for general corporate purposes, which may include opportunistically reducing debt."
Aurora Cannabis (NYSE: ACB) announced yesterday that it has raised $125 million by issuing 12 million units priced at $10.45 each through a financing strategy called a "bought deal." The units are one share of the marijuana grower's stock and one half of a share's purchase warrant that can be exercised anytime over the next three years to acquire a full share of stock at a price of $12.60 per warrant share. BMO Capital Markets and ATB Capital Markets will be acquiring the units and have another 30 days to acquire an additional 10% of the total at the same terms if there is an overallotment.
Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) and two other Canadian small-cap stocks that investors should look to buy right now. The post 3 Canadian Small-Cap Stocks to Buy for 2021 appeared first on The Motley Fool Canada.