Is Aurora Cannabis Finally Making a Recovery?
Aurora Cannabis (NYSE: ACB) used to be one of the biggest names in the cannabis market. However, over the past 12 months, shares have fallen by an astonishing 89% due to a number of concerns, such as the company's ongoing lack of profitability and the excessive goodwill on its balance sheet.
While there is still plenty of concern over Aurora's long-term financial health, investors were impressed by better-than-expected results from the company's fiscal third-quarter earnings report. Shares of Aurora ended up surging in response to the news, with many investors wondering whether the once-great cannabis giant is now on the rise again.
Let's take a deeper look at whether Aurora Cannabis is truly on the cusp of making a comeback, or if this fresh excitement needs to be checked a little.
Source Fool.com
