Ascendant Resources’ (ASND) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Ascendant Resources (TSE:ASND) in a research report released on Tuesday morning, TipRanks reports. They currently have a C$0.35 target price on the stock.

Shares of Ascendant Resources stock opened at C$0.21 on Tuesday. The company has a debt-to-equity ratio of 53.36, a current ratio of 0.89 and a quick ratio of 0.72. Ascendant Resources has a 1 year low of C$0.08 and a 1 year high of C$0.34. The company has a market capitalization of C$20.17 million and a P/E ratio of -5.12. The business has a 50 day moving average price of C$0.20 and a 200 day moving average price of C$0.22.

About Ascendant Resources

Ascendant Resources Inc, a mining company, explores for and develops mineral properties. The company explores for zinc, copper, lead, tin, silver, gold, and other metals. It holds interest in the Lagoa Salgada volcanogenic massive sulphide project, which covers an area of 10,700 hectares located on the Iberian Pyrite Belt in Portugal.

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