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

Fundamental Research set a C$0.62 price target on Aton Resources (CVE:AAN) in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Aton Resources Stock Performance

CVE AAN opened at C$0.23 on Wednesday. The company has a market capitalization of C$29.31 million, a PE ratio of -1.21 and a beta of 0.82. The business’s fifty day moving average is C$0.27 and its 200 day moving average is C$0.25. Aton Resources has a fifty-two week low of C$0.15 and a fifty-two week high of C$0.35.

Insider Activity at Aton Resources

In related news, insider OU HEKTIK bought 353,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were bought at an average cost of C$0.32 per share, for a total transaction of C$112,960.00. Over the last three months, insiders have purchased 690,000 shares of company stock worth $210,723. Corporate insiders own 66.90% of the company’s stock.

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.