Aurion Resources (CVE:AU) Shares Up 5.7% – Here’s Why

Aurion Resources Ltd. (CVE:AU) shares traded up 5.7% during mid-day trading on Tuesday . The company traded as high as C$1.85 and last traded at C$1.85. 200,940 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 197,889 shares. The stock had previously closed at C$1.75.

Aurion Resources Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.40 and a quick ratio of 9.60. The company’s 50 day simple moving average is C$1.67 and its 200 day simple moving average is C$1.34. The company has a market capitalization of C$302.78 million, a PE ratio of -46.75 and a beta of 0.86.

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.