Aurion Resources (CVE:AU) Reaches New 1-Year High – Time to Buy?

Aurion Resources Ltd. (CVE:AU)’s share price hit a new 52-week high on Thursday . The company traded as high as C$1.21 and last traded at C$1.20, with a volume of 35100 shares changing hands. The stock had previously closed at C$1.20.

Aurion Resources Stock Performance

The company has a market capitalization of C$234.77 million, a P/E ratio of -36.25 and a beta of 0.40. The business has a 50 day moving average of C$1.08 and a 200 day moving average of C$0.95. The company has a quick ratio of 9.60, a current ratio of 11.18 and a debt-to-equity ratio of 0.10.

Insider Buying and Selling at Aurion Resources

In other Aurion Resources news, Director Lotan Holdings Inc. purchased 33,000 shares of Aurion Resources stock in a transaction that occurred on Wednesday, October 22nd. The shares were bought at an average price of C$0.98 per share, for a total transaction of C$32,340.00. Following the completion of the transaction, the director 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. Company insiders own 12.25% of the company’s stock.

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.