Aurion Resources (CVE:AU) Hits New 12-Month High – Time to Buy?

Aurion Resources Ltd. (CVE:AU)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$1.47 and last traded at C$1.50, with a volume of 91264 shares. The stock had previously closed at C$1.40.

Aurion Resources Trading Up 7.1%

The business’s fifty day moving average is C$1.15 and its 200-day moving average is C$1.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 9.60 and a current ratio of 11.18. The firm has a market cap of C$242.87 million, a P/E ratio of -37.50 and a beta of 0.65.

Insider Buying and Selling at Aurion Resources

In related news, Director Lotan Holdings Inc. acquired 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was acquired at an average cost of C$0.98 per share, for a total transaction 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. This trade represents a 0.21% increase in their position. 12.25% of the stock is currently owned by corporate insiders.

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.