Aurion Resources (CVE:AU) Hits New 12-Month High - Here's Why

Key Points

• Shares of Aurion Resources hit a new 52-week high, trading as high as C$1.92 (last C$1.91) on Monday with about 273,486 shares changing hands and a reported 5.0% gain.
• The company shows low leverage and strong liquidity (debt-to-equity 0.08, current ratio 2.40, quick ratio 9.60) and a market capitalization of C$306.02 million, though a negative P/E (-47.25) indicates it is currently unprofitable.
• Aurion is a mineral exploration firm focused on gold and other metals, with flagship Finnish projects including Risti, Launi and Auermaa.

Shares of Aurion Resources Ltd. (CVE:AU - ) hit a new 52-week high during trading on Monday . The stock traded as high as C$1.92 and last traded at C$1.91, with a volume of 273486 shares. The stock had previously closed at C$1.80.

Aurion Resources Stock Up 5.0%

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 firm has a 50 day simple moving average of C$1.71 and a 200-day simple moving average of C$1.38. The stock has a market capitalization of C$306.02 million, a price-to-earnings ratio of -47.25 and a beta of 0.73.

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.

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