Aurion Resources (CVE:AU) Reaches New 12-Month High – Should You Buy?

Aurion Resources Ltd. (CVE:AUGet Free Report) reached a new 52-week high on Thursday . The company traded as high as C$1.61 and last traded at C$1.56, with a volume of 499222 shares trading hands. The stock had previously closed at C$1.56.

Aurion Resources Price Performance

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 stock has a fifty day simple moving average of C$1.30 and a 200-day simple moving average of C$1.09. The company has a market capitalization of C$250.97 million, a price-to-earnings ratio of -38.75 and a beta of 0.65.

Aurion Resources Company Profile

(Get Free Report)

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.

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