Aton Resources Inc (CVE:AAN) shares were down 16.7% during mid-day trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 104,000 shares changed hands during trading, an increase of 3% from the average daily volume of 100,743 shares. The stock had previously closed at C$0.03.
Separately, Fundamental Research upped their price objective on Aton Resources from C$0.13 to C$0.16 and gave the stock a “buy” rating in a research report on Wednesday, February 20th.
The firm has a market cap of $8.65 million and a price-to-earnings ratio of -1.50.
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Aton Resources Inc, through its subsidiaries, engages in the exploration and development of mineral properties in the Arab Republic of Egypt. The company primarily explores for gold, copper, zinc, and silver deposits. It holds a 100% interest in the Abu Marawat concession covering an area of 738 square kilometers located in Egypt.
See Also: Growth Stocks
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