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TheStreet Wire

Aurizon Mines Stock Falls On Unusually High Volume (AZK)

By TheStreet Wire 06/15/12 - 04:28 PM EDT

Find out if (AZK) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Aurizon Mines (AMEX:AZK) is trading at unusually high volume Friday with 2.5 million shares changing hands. It is currently at four times its average daily volume and trading down 24 cents (-4.9%) at $4.65 as of 4 p.m. ET.

Aurizon Mines has a market cap of $805 million and is part of the basic materials sector and metals & mining industry. Shares are up 7.3% year to date as of the close of trading on Thursday.

Aurizon Mines Ltd. engages in the acquisition, exploration, development, and production of gold properties in North America. The company's principal properties include the Casa Berardi gold mine and the Joanna gold project both located in the Abitibi region of northwestern Quebec. The company has a P/E ratio of 16.3, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Aurizon Mines as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full Aurizon Mines Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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