Ascendant Resources (TSE:ASND) Given New C$2.10 Price Target at HC Wainwright
Ascendant Resources (TSE:ASND) had its target price upped by HC Wainwright from C$2.00 to C$2.10 in a research report sent to investors on Thursday morning, BayStreet.CA reports.
Separately, Cormark cut their target price on Spin Master from C$39.00 to C$37.00 in a research note on Friday, May 10th.
ASND opened at C$0.40 on Thursday. The company has a market capitalization of $30.84 million and a PE ratio of -6.15. The company’s 50 day simple moving average is C$0.38. Ascendant Resources has a one year low of C$0.32 and a one year high of C$0.83. The company has a debt-to-equity ratio of 45.63, a quick ratio of 0.47 and a current ratio of 0.86.
Ascendant Resources Inc explores for and evaluates mineral properties in Canada. It primarily has 100% interests in the El Mochito zinc, silver, and lead mine located in west central Honduras. The company was formerly known as Morumbi Resources Inc and changed its name to Ascendant Resources Inc in December 2016.
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