Ascendant Resources (TSE:ASND) Given New C$2.10 Price Target at HC Wainwright

Ascendant Resources (TSE:ASND) had its target price raised by HC Wainwright from C$2.00 to C$2.10 in a research note released on Thursday, BayStreet.CA reports.

Separately, Cormark reduced their price objective on Spin Master from C$39.00 to C$37.00 in a research note on Friday, May 10th.

Shares of ASND opened at C$0.40 on Thursday. The company has a 50 day simple moving average of C$0.38. The company has a debt-to-equity ratio of 45.63, a current ratio of 0.86 and a quick ratio of 0.47. The firm has a market capitalization of $30.84 million and a P/E ratio of -6.15. Ascendant Resources has a 52-week low of C$0.32 and a 52-week high of C$0.83.

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.

Recommended Story: How to interpret Moving Average Convergence Divergence (MACD)

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's FREE daily email newsletter.