Aurion Resources (CVE:AU) Reaches New 52-Week High – Should You Buy?

Aurion Resources Ltd. (CVE:AU) shares reached a new 52-week high on Monday . The stock traded as high as C$1.50 and last traded at C$1.35, with a volume of 166522 shares changing hands. The stock had previously closed at C$1.38.

Aurion Resources Price Performance

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 is C$1.12 and its 200-day moving average is C$0.98. The company has a market cap of C$226.68 million, a PE ratio of -35.00 and a beta of 0.40.

Insider Activity

In other news, Director Lotan Holdings Inc. acquired 33,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was bought at an average price of C$0.98 per share, with a total value of C$32,340.00. Following the completion of the acquisition, the director directly owned 15,875,884 shares of the company’s stock, valued at approximately C$15,558,366.32. The trade was a 0.21% increase in their position. 12.25% of the stock is currently owned by company insiders.

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.