Aton Resources (CVE:AAN) Trading 1.8% Higher – Still a Buy?

Aton Resources Inc. (CVE:AAN) shares rose 1.8% during mid-day trading on Friday . The company traded as high as C$0.57 and last traded at C$0.57. Approximately 501 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 20,668 shares. The stock had previously closed at C$0.56.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.08 target price on Aton Resources and gave the stock a “buy” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$1.08.

Aton Resources Stock Performance

The firm has a market capitalization of C$72.65 million, a price-to-earnings ratio of -5.70 and a beta of 0.27. The business has a 50 day simple moving average of C$0.55 and a 200-day simple moving average of C$0.45.

About Aton Resources

Aton Resources Inc, a mineral exploration company, explores and develops mineral properties in the Arab Republic of Egypt. It explores for gold, silver, copper, zinc, and base metal deposits. Aton Resources Inc is based in Vancouver, Canada.