Aurion Resources (CVE:AU) Stock Price Down 6.1% – Here’s Why

by · The Markets Daily

Aurion Resources Ltd. (CVE:AU – Get Free Report) fell 6.1% during trading on Monday . The stock traded as low as C$1.08 and last traded at C$1.08. 91,021 shares changed hands during trading, an increase of 32% from the average session volume of 69,040 shares. The stock had previously closed at C$1.15.

Aurion Resources Trading Down 6.1%

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 firm has a market capitalization of C$174.87 million, a P/E ratio of -27.00 and a beta of 0.40. The firm’s 50-day simple moving average is C$1.07 and its 200-day simple moving average is C$0.93.

Insider Activity

In related news, Director Lotan Holdings Inc. bought 33,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was bought at an average cost 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. The trade was a 0.21% increase in their ownership of the stock. Corporate insiders own 12.25% of the company’s stock.

Aurion Resources Company Profile

(Get Free Report)

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.

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