Ascendant Resources (ASND) Price Target Lowered to C$1.15 at Cormark

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Ascendant Resources (TSE:ASND) had its price target decreased by Cormark from C$1.35 to C$1.15 in a research report released on Friday, BayStreet.CA reports.

Separately, HC Wainwright reduced their price objective on Ascendant Resources from C$2.30 to C$2.20 in a report on Tuesday, January 15th.

ASND remained flat at $C$0.44 during trading on Friday. The company’s stock had a trading volume of 63,800 shares, compared to its average volume of 31,783. The stock has a market cap of $33.92 million and a P/E ratio of 11.00. Ascendant Resources has a one year low of C$0.35 and a one year high of C$1.16. The company has a debt-to-equity ratio of 26.37, a current ratio of 0.74 and a quick ratio of 0.29.

About Ascendant Resources

Ascendant Resources Inc explores for and evaluates mineral properties in Canada. It primarily has 100% interests in the El Mochito zinc, silver, and lead mine located in west central Honduras. The company was formerly known as Morumbi Resources Inc and changed its name to Ascendant Resources Inc in December 2016.

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