Ascendant Resources (TSE:ASND) had its target price boosted by equities research analysts at HC Wainwright from C$1.40 to C$1.50 in a report issued on Thursday. HC Wainwright’s price objective points to a potential upside of 41.51% from the stock’s current price.

Separately, Eight Capital increased their price target on Ascendant Resources from C$1.45 to C$1.65 in a research note on Friday, January 12th.

Ascendant Resources stock traded down C$0.03 during mid-day trading on Thursday, hitting C$1.06. The stock had a trading volume of 45,700 shares, compared to its average volume of 214,233. The firm has a market cap of $82.58, a P/E ratio of -8.83 and a beta of 2.94. Ascendant Resources has a one year low of C$0.62 and a one year high of C$1.23.

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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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