Aurion Resources (CVE:AU) Stock Price Down 6.8% – What’s Next?

Aurion Resources Ltd. (CVE:AU) shares were down 6.8% on Friday . The stock traded as low as C$0.67 and last traded at C$0.69. Approximately 95,184 shares were traded during trading, an increase of 18% from the average daily volume of 80,462 shares. The stock had previously closed at C$0.74.

Aurion Resources Price Performance

The business’s 50 day simple moving average is C$0.69 and its 200-day simple moving average is C$0.65. The stock has a market capitalization of C$102.73 million, a price-to-earnings ratio of -39.59 and a beta of 1.81. The company has a quick ratio of 9.60, a current ratio of 11.18 and a debt-to-equity ratio of 0.10.

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.