Aton Resources (CVE:AAN) Hits New 1-Year High – Here’s Why

Shares of Aton Resources Inc. (CVE:AAN) hit a new 52-week high during trading on Friday . The stock traded as high as C$0.65 and last traded at C$0.65, with a volume of 7017 shares trading hands. The stock had previously closed at C$0.62.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.08 price objective on shares of Aton Resources and gave the stock a “buy” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Aton Resources has an average rating of “Buy” and a consensus target price of C$1.08.

Aton Resources Stock Up 4.8%

The business has a 50-day moving average price of C$0.54 and a 200-day moving average price of C$0.36. The firm has a market capitalization of C$82.85 million, a P/E ratio of -6.50 and a beta of 0.62.

Aton Resources Company Profile

Aton Resources Inc, a mineral exploration company, explores and develops mineral properties in the Arab Republic of Egypt. It explores for gold, silver, copper, zinc, and base metal deposits. Aton Resources Inc is based in Vancouver, Canada.