Aton Resources (CVE:AAN) Sets New 12-Month High – Here’s Why

Aton Resources Inc. (CVE:AAN) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$0.69 and last traded at C$0.69, with a volume of 2318 shares traded. The stock had previously closed at C$0.66.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.08 price target on Aton Resources and gave the stock a “buy” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Aton Resources presently has a consensus rating of “Buy” and a consensus price target of C$1.08.

Aton Resources Stock Down 8.7%

The stock has a market cap of C$80.30 million, a P/E ratio of -6.30 and a beta of 0.62. The company’s 50 day moving average price is C$0.55 and its two-hundred day moving average price is C$0.38.

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.