Ascendant Resources (TSE:ASND) PT Raised to C$0.35

Ascendant Resources (TSE:ASND) had its price objective upped by HC Wainwright from C$0.30 to C$0.35 in a research report issued on Wednesday, BayStreet.CA reports. HC Wainwright’s target price would suggest a potential upside of 483.33% from the company’s previous close.

Ascendant Resources Price Performance

Shares of TSE:ASND traded down C$0.01 during trading on Wednesday, reaching C$0.06. The company had a trading volume of 100,000 shares, compared to its average volume of 81,474. The stock has a market capitalization of C$12.40 million, a P/E ratio of 0.75 and a beta of 1.36. The company has a current ratio of 0.11, a quick ratio of 0.04 and a debt-to-equity ratio of 301.82. Ascendant Resources has a 12 month low of C$0.05 and a 12 month high of C$0.25. The company has a fifty day moving average of C$0.06 and a two-hundred day moving average of C$0.08.

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 50% 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.