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Aurion Resources (STU:8RA) 6-1 Month Momentum % : -10.65% (As of Dec. 12, 2024)


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What is Aurion Resources 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-12-12), Aurion Resources's 6-1 Month Momentum % is -10.65%.

The industry rank for Aurion Resources's 6-1 Month Momentum % or its related term are showing as below:

STU:8RA's 6-1 Month Momentum % is ranked worse than
55.24% of 2540 companies
in the Metals & Mining industry
Industry Median: -11.11 vs STU:8RA: -10.65

Competitive Comparison of Aurion Resources's 6-1 Month Momentum %

For the Gold subindustry, Aurion Resources's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Aurion Resources's 6-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aurion Resources's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Aurion Resources's 6-1 Month Momentum % falls into.



Aurion Resources  (STU:8RA) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Aurion Resources  (STU:8RA) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Aurion Resources 6-1 Month Momentum % Related Terms

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Aurion Resources Business Description

Traded in Other Exchanges
Address
120 Torbay Road, Suite W240, St. John's, NL, CAN, A1A 2G8
Aurion Resources Ltd is a Canadian exploration company. The firm along with its subsidiaries is engaged in the evaluation, acquisition, and exploration of mineral properties in Canada, Mexico, the United States, Sweden, and Finland. It focuses on exploring its Flagship Risti and Launi projects, as well as advancing joint venture arrangements with Kinross Gold Corp, B2Gold Corp, and Strategic Resources Inc.

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