Aurion Resources (CVE:AU) Stock Price Down 1.2% - Here's Why

Key Points

• Aurion Resources Ltd. shares declined by 1.2% on Friday, trading at C$0.80, significantly below the average daily volume with only 11,973 shares changing hands.
• The company has a market capitalization of C$119.11 million, a P/E ratio of -45.90, and strong liquidity ratios with a current ratio of 11.18.
• Aurion focuses on the exploration of precious metals and other mineral deposits in Canada, the United States, and Finland, with notable projects including the Risti and Launi projects.

Shares of Aurion Resources Ltd. (CVE:AU - Get Free Report) dropped 1.2% during mid-day trading on Friday . The company traded as low as C$0.80 and last traded at C$0.80. Approximately 11,973 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 62,668 shares. The stock had previously closed at C$0.81.

Aurion Resources Stock Up 2.4%

The stock has a 50-day simple moving average of C$0.77 and a two-hundred day simple moving average of C$0.74. 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 firm has a market cap of C$125.07 million, a PE ratio of -48.20 and a beta of 1.81.

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.