Aurion Resources (CVE:AU) Sets New 1-Year High – Time to Buy?

Aurion Resources Ltd. (CVE:AU)’s stock price 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 trading hands. The stock had previously closed at C$1.44.

Aurion Resources Price Performance

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

Insider Transactions at Aurion Resources

In other news, Director Lotan Holdings Inc. acquired 33,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was bought at an average cost of C$0.98 per share, for a total transaction of C$32,340.00. Following the purchase, the director owned 15,875,884 shares in the company, valued at approximately C$15,558,366.32. This represents a 0.21% increase in their ownership of the stock. Insiders own 12.25% of the company’s stock.

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.