Aurion Resources (CVE:AU) Hits New 12-Month High - What's Next?

Key Points

• Aurion Resources Ltd. reached a new 52-week high, trading at C$0.88 during the day before closing at C$0.86.
• The company has a market capitalization of C$129.53 million, a PE ratio of -49.92, and a strong current ratio of 11.18, indicating solid liquidity.
• Aurion Resources is focused on the exploration of precious metals and other minerals across its key projects in Canada, the US, and Finland.

Aurion Resources Ltd. (CVE:AU - ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.88 and last traded at C$0.86, with a volume of 3900 shares. The stock had previously closed at C$0.87.

Aurion Resources Price Performance

The stock's fifty day moving average is C$0.76 and its 200-day moving average is C$0.73. The stock has a market capitalization of C$129.53 million, a PE ratio of -49.92 and a beta of 1.81. The company has a debt-to-equity ratio of 0.10, a current ratio of 11.18 and a quick ratio of 9.60.

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.

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