Aton Resources (CVE:AAN) Sets New 52-Week High – Still a Buy?

Aton Resources Inc. (CVE:AAN)’s stock price hit a new 52-week high on Friday . The company traded as high as C$0.65 and last traded at C$0.65, with a volume of 7017 shares traded. The stock had previously closed at C$0.62.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.08 target price on shares of Aton Resources and gave the company a “buy” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$1.08.

Aton Resources Price Performance

The stock has a market cap of C$82.85 million, a P/E ratio of -6.50 and a beta of 0.62. The firm’s fifty day moving average price is C$0.54 and its two-hundred day moving average price is C$0.37.

Aton Resources Company Profile

Aton Resources Inc, a mineral exploration company, explores and develops mineral properties in the Arab Republic of Egypt. It explores for gold, silver, copper, zinc, and base metal deposits. Aton Resources Inc is based in Vancouver, Canada.