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

Aurion Resources Ltd. (CVE:AU)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$1.62 and last traded at C$1.56, with a volume of 173027 shares changing hands. The stock had previously closed at C$1.50.

Aurion Resources Price Performance

The stock has a market capitalization of C$263.92 million, a P/E ratio of -40.75 and a beta of 0.70. The company’s 50-day simple moving average is C$1.34 and its 200-day simple moving average is C$1.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 11.18 and a quick ratio of 9.60.

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.