Aton Resources (CVE:AAN) Given a C$0.62 Price Target at Fundamental Research

Fundamental Research set a C$0.62 target price on Aton Resources (CVE:AAN) in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Aton Resources Stock Performance

Shares of CVE:AAN opened at C$0.32 on Wednesday. Aton Resources has a 52-week low of C$0.15 and a 52-week high of C$0.35. The firm has a fifty day moving average of C$0.27 and a 200 day moving average of C$0.25. The firm has a market capitalization of C$40.78 million, a PE ratio of -1.68 and a beta of 0.82.

Insider Buying and Selling

In related news, insider OU HEKTIK bought 101,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average cost of C$0.31 per share, for a total transaction of C$31,465.00. Over the last ninety days, insiders purchased 690,000 shares of company stock worth $210,723. Corporate insiders own 66.90% of the company’s stock.

About Aton Resources

Aton Resources Inc, a mineral exploration company, explores for and develops mineral properties in the Arab Republic of Egypt. The company primarily explores for gold, silver, copper, and zinc deposits. It holds a 100% interest in the Abu Marawat concession covering an area of approximately 448 square kilometers located in Arabian-Nubian Shield, Egypt that explores for the Hamama West gold-silver deposit and Abu Marawat gold-silver-copper-zinc vein deposit, as well as operates Rodruin mineral deposit.