Ascendant Resources (ASND) Given New C$1.40 Price Target at HC Wainwright

Ascendant Resources (TSE:ASND) had its price target boosted by HC Wainwright from C$1.20 to C$1.40 in a research report report published on Friday. They currently have a buy rating on the stock.

Ascendant Resources (TSE:ASND) traded up C$0.06 on Friday, reaching C$0.90. The company’s stock had a trading volume of 412,100 shares, compared to its average volume of 222,607. The stock has a market capitalization of $64.42, a P/E ratio of -7.50 and a beta of 2.64. Ascendant Resources has a one year low of C$0.62 and a one year high of C$0.90.

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About Ascendant Resources

Ascendant Resources Inc, formerly Morumbi Resources Inc, is a Canada-based mining company. The Company is engaged in evaluating resource opportunities. The Company is focused on its operating asset, El Mochito. The El Mochito property is located in northwest Honduras, near the town of Las Vegas, approximately 90 kilometers southwest of San Pedro Sula and 220 kilometers northwest of the capital city, Tegucigalpa.

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