Aurion Resources (CVE:AU) Reaches New 1-Year High – Still a Buy?

Shares of Aurion Resources Ltd. (CVE:AU) reached a new 52-week high on Tuesday . The company traded as high as C$2.60 and last traded at C$2.59, with a volume of 59000 shares traded. The stock had previously closed at C$2.59.

Aurion Resources Stock Performance

The company has a quick ratio of 9.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.07. The business has a 50 day simple moving average of C$2.34 and a two-hundred day simple moving average of C$1.77. The firm has a market cap of C$437.85 million, a PE ratio of -43.25 and a beta of 0.76.

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.