HC Wainwright Reiterates Buy Rating for Ascendant Resources (TSE:ASND)

HC Wainwright reaffirmed their buy rating on shares of Ascendant Resources (TSE:ASND) in a report published on Tuesday morning, TipRanks reports. HC Wainwright currently has a C$0.35 target price on the stock.

Shares of Ascendant Resources stock opened at C$0.25 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.72 and a debt-to-equity ratio of 53.36. The business has a 50-day moving average price of C$0.20 and a two-hundred day moving average price of C$0.22. Ascendant Resources has a 1-year low of C$0.08 and a 1-year high of C$0.34. The company has a market cap of C$24.02 million and a P/E ratio of -6.10.

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 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.

Further Reading: S&P/ASX 200 Index

Receive News & Ratings for Ascendant Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascendant Resources and related companies with MarketBeat.com's FREE daily email newsletter.