Aurion Resources (CVE:AU) Sets New 52-Week High - Here's What Happened

Key Points

• Aurion Resources Ltd. reached a new 52-week high, trading at C$1.05, a significant increase from its previous closing price of C$0.95.
• The company has shown a 15.8% increase in stock price and has strong liquidity metrics, with a quick ratio of 9.60 and a current ratio of 11.18.
• Aurion Resources focuses on the evaluation, acquisition, and exploration of mineral properties, particularly in gold and precious metals, with its flagship projects located in Finland.

Aurion Resources Ltd. (CVE:AU - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as C$1.04 and last traded at C$1.05, with a volume of 81521 shares changing hands. The stock had previously closed at C$0.95.

Aurion Resources Price Performance

The company has a market cap of C$157.08 million, a price-to-earnings ratio of -52.50 and a beta of 0.41. 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's fifty day moving average price is C$0.83 and its two-hundred day moving average price is C$0.78.

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.