Aurion Resources (CVE:AU) Hits New 52-Week High – Should You Buy?

Aurion Resources Ltd. (CVE:AU) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$1.55 and last traded at C$1.45, with a volume of 426442 shares. The stock had previously closed at C$1.44.

Aurion Resources Stock Up 2.8%

The company has a debt-to-equity ratio of 0.10, a current ratio of 11.18 and a quick ratio of 9.60. The firm’s 50-day moving average price is C$1.20 and its 200 day moving average price is C$1.03. The firm has a market capitalization of C$239.63 million, a price-to-earnings ratio of -37.00 and a beta of 0.65.

Insiders Place Their Bets

In related news, Director Lotan Holdings Inc. purchased 33,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was bought at an average cost of C$0.98 per share, with a total value of C$32,340.00. Following the completion of the acquisition, the director directly owned 15,875,884 shares in the company, valued at C$15,558,366.32. The trade was a 0.21% increase in their position. Insiders own 12.25% of the company’s stock.

About Aurion Resources

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.