Aurion Resources (CVE:AU) Hits New 1-Year High – Here’s Why

Aurion Resources Ltd. (CVE:AU) shares hit a new 52-week high on Monday . The company traded as high as C$1.50 and last traded at C$1.35, with a volume of 166522 shares trading hands. The stock had previously closed at C$1.38.

Aurion Resources Stock Performance

The firm has a fifty day simple moving average of C$1.11 and a 200-day simple moving average of C$0.98. The company has a market cap of C$216.96 million, a PE ratio of -33.50 and a beta of 0.40. The company has a quick ratio of 9.60, a current ratio of 11.18 and a debt-to-equity ratio of 0.10.

Insider Activity

In other news, Director Lotan Holdings Inc. bought 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was purchased at an average cost of C$0.98 per share, with a total value of C$32,340.00. Following the transaction, the director directly owned 15,875,884 shares in the company, valued at C$15,558,366.32. This trade represents a 0.21% increase in their ownership of the stock. 12.25% of the stock is currently owned by company insiders.

Aurion Resources Company Profile

Aurion Resources Ltd. engages in the evaluation, acquisition, and exploration of mineral properties in Canada, the United States, and Finland. The company explores precious metals, gold, iron, vanadium, and base metals deposits. Its flagship projects are the Risti project, which covers an area of 16,197 hectares located in the Central Lapland Greenstone Belt in northern Finland; the Launi project that consists of two blocks and covers an area of approximately 14,400 hectares located to the northwest of the municipality of Sodankylä; and the Auermaa property located in Eastern Lapland.