HC Wainwright Increases Ascendant Resources (TSE:ASND) Price Target to C$0.35

Ascendant Resources (TSE:ASND) had its target price upped by research analysts at HC Wainwright from C$0.30 to C$0.35 in a research note issued on Wednesday, BayStreet.CA reports. HC Wainwright’s price target suggests a potential upside of 483.33% from the company’s previous close.

Ascendant Resources Price Performance

Shares of TSE ASND opened at C$0.06 on Wednesday. Ascendant Resources has a 12-month low of C$0.05 and a 12-month high of C$0.24. The stock has a market cap of C$12.40 million, a PE ratio of 0.75 and a beta of 1.36. The company has a current ratio of 0.11, a quick ratio of 0.04 and a debt-to-equity ratio of 301.82. The company has a 50-day moving average of C$0.06 and a 200 day moving average of C$0.08.

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.