Aton Resources (CVE:AAN) Stock Price Down 20%

Aton Resources Inc (CVE:AAN)’s share price was down 20% on Monday . The company traded as low as C$0.04 and last traded at C$0.04, approximately 574,076 shares changed hands during mid-day trading. An increase of 128% from the average daily volume of 251,477 shares. The stock had previously closed at C$0.05.

Separately, Fundamental Research set a C$0.16 price objective on shares of Aton Resources and gave the company a “buy” rating in a research note on Tuesday, June 16th.

The firm has a market capitalization of $9.99 million and a PE ratio of -6.67. The business’s 50 day moving average is C$0.03 and its two-hundred day moving average is C$0.03.

Aton Resources Company Profile (CVE:AAN)

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.

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