HC Wainwright Increases Ascendant Resources (ASND) Price Target to C$1.40

Ascendant Resources (TSE:ASND) had its price objective lifted by HC Wainwright from C$1.20 to C$1.40 in a research report released on Friday morning. The firm currently has a buy rating on the stock.

Shares of Ascendant Resources (TSE ASND) traded up C$0.06 during trading hours on Friday, hitting C$0.90. The stock had a trading volume of 412,100 shares, compared to its average volume of 222,607. Ascendant Resources has a twelve month low of C$0.62 and a twelve month high of C$0.90. The stock has a market capitalization of $64.42, a P/E ratio of -7.50 and a beta of 2.64.

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About Ascendant Resources

Ascendant Resources Inc, formerly Morumbi Resources Inc, is a Canada-based mining company. The Company is engaged in evaluating resource opportunities. The Company is focused on its operating asset, El Mochito. The El Mochito property is located in northwest Honduras, near the town of Las Vegas, approximately 90 kilometers southwest of San Pedro Sula and 220 kilometers northwest of the capital city, Tegucigalpa.

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