Eight Capital Boosts Ascendant Resources (ASND) Price Target to C$1.65

Ascendant Resources (TSE:ASND) had its price target boosted by stock analysts at Eight Capital from C$1.45 to C$1.65 in a report released on Friday. Eight Capital’s target price indicates a potential upside of 96.43% from the stock’s current price.

Separately, HC Wainwright lifted their price objective on Ascendant Resources from C$1.20 to C$1.40 and gave the company a “buy” rating in a research report on Friday.

Ascendant Resources (ASND) traded up C$0.06 on Friday, reaching C$0.84. The company had a trading volume of 302,750 shares, compared to its average volume of 198,920. The firm has a market capitalization of $60.66, a PE ratio of -7.00 and a beta of 2.64. Ascendant Resources has a 52-week low of C$0.62 and a 52-week high of C$0.86.

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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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