Aurion Resources (CVE:AU) Reaches New 1-Year Low At $0.55

Aurion Resources Ltd. (CVE:AU – Get Rating)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.55 and last traded at C$0.56, with a volume of 264205 shares changing hands. The stock had previously closed at C$0.57.
Aurion Resources Trading Up 2.7 %
The company has a market capitalization of C$66.42 million and a P/E ratio of -8.43. The company has a quick ratio of 21.64, a current ratio of 22.20 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average price of C$0.67 and a 200 day moving average price of C$0.89.
Aurion Resources (CVE:AU – Get Rating) last released its earnings results on Friday, May 27th. The company reported C($0.02) earnings per share (EPS) for the quarter. On average, analysts expect that Aurion Resources Ltd. will post -0.13 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Lotan Holdings Inc. bought 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were acquired at an average price of C$0.55 per share, for a total transaction of C$55,000.00. Following the completion of the acquisition, the director now owns 11,205,082 shares of the company’s stock, valued at approximately C$6,162,795.10. Over the last quarter, insiders have purchased 310,000 shares of company stock worth $199,589.
About Aurion Resources
Aurion Resources Ltd., an exploration company, acquires, explores for, and evaluates mineral properties in Finland, Sweden, the United States, and Mexico. The company explores precious metals, gold, iron, titanium, 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; and the Launi project that consists of two blocks and covers an area of approximately 144 square kilometers located to the northwest of the municipality of Sodankylä.