Aurizon Mines Rises On Unusually High Volume (AZK)

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 4.5 times its average daily volume and trading up 18 cents (+4%) at $4.62 as of 4:03 p.m. ET.

Aurizon Mines has a market cap of $798.8 million and is part of the basic materials sector and metals & mining industry. Shares are down 9.9% year to date as of the close of trading on Thursday.

Aurizon Mines Ltd. engages in the acquisition, exploration, development, and operation of gold properties in North America. The company focuses on developing its existing projects in the Abitibi region of north-western Quebec, Canada. The company has a P/E ratio of 27.1, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Aurizon Mines as a buy. 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, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Aurizon Mines Ratings Report.

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