Aurion Resources (CVE:AU) Trading Up 5.7% – Here’s Why

Shares of Aurion Resources Ltd. (CVE:AU) shot up 5.7% during trading on Tuesday . The stock traded as high as C$1.85 and last traded at C$1.85. 200,940 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 197,889 shares. The stock had previously closed at C$1.75.

Aurion Resources Stock Up 5.7%

The stock has a market capitalization of C$299.54 million, a price-to-earnings ratio of -46.25 and a beta of 0.86. The firm has a 50 day simple moving average of C$1.67 and a 200-day simple moving average of C$1.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.40 and a quick ratio of 9.60.

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.