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

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

Ascendant Resources Stock Performance

TSE:ASND opened at C$0.06 on Wednesday. The stock’s 50 day moving average price is C$0.06 and its 200 day moving average price is C$0.08. Ascendant Resources has a 52 week low of C$0.05 and a 52 week high of C$0.24. The company 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 debt-to-equity ratio of 301.82, a quick ratio of 0.04 and a current ratio of 0.11.

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.