Aurion Resources (CVE:AU) Stock Price Up 2% - Should You Buy?

Key Points

• Aurion Resources Ltd. saw its stock price increase by 2%, trading last at C$1.03 after closing at C$1.01.
• The company has a market capitalization of C$154.09 million and a PE ratio of -51.50, indicating it is currently unprofitable.
• Aurion Resources focuses on the exploration of precious metals and has significant projects in Finland, including the Risti and Launi projects.

Aurion Resources Ltd. (CVE:AU - Get Free Report) rose 2% on Tuesday . The company traded as high as C$1.03 and last traded at C$1.03. Approximately 31,302 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 65,239 shares. The stock had previously closed at C$1.01.

Aurion Resources Stock Performance

The company has a market capitalization of C$151.09 million, a PE ratio of -50.50 and a beta of 0.41. The business's fifty day moving average is C$0.88 and its two-hundred day moving average is C$0.79. The company has a current ratio of 11.18, a quick ratio of 9.60 and a debt-to-equity ratio of 0.10.

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.