Aton Resources (CVE:AAN) PT Set at C$0.62 by Fundamental Research

Aton Resources (CVE:AAN) has been assigned a C$0.62 price objective by equities research analysts at Fundamental Research in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Fundamental Research’s price objective indicates a potential upside of 93.75% from the company’s previous close.

Aton Resources Trading Down 3.0 %

Shares of Aton Resources stock opened at C$0.32 on Wednesday. Aton Resources has a 12-month low of C$0.15 and a 12-month high of C$0.35. The company has a market capitalization of C$40.78 million, a P/E ratio of -1.68 and a beta of 0.82. The stock has a fifty day simple moving average of C$0.28 and a 200 day simple moving average of C$0.25.

Insiders Place Their Bets

In other Aton Resources news, insider OU HEKTIK bought 353,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average cost of C$0.32 per share, with a total value of C$112,960.00. Insiders have bought a total of 690,000 shares of company stock valued at $210,723 in the last 90 days. 66.90% of the stock is currently owned by corporate insiders.

About Aton Resources

Aton Resources Inc, a mineral exploration company, explores for and develops mineral properties in the Arab Republic of Egypt. The company primarily explores for gold, silver, copper, and zinc deposits. It holds a 100% interest in the Abu Marawat concession covering an area of approximately 448 square kilometers located in Arabian-Nubian Shield, Egypt that explores for the Hamama West gold-silver deposit and Abu Marawat gold-silver-copper-zinc vein deposit, as well as operates Rodruin mineral deposit.