Shares of Aton Resources Inc. (CVE:AAN – Get Free Report) rose 7.7% during mid-day trading on Wednesday . The company traded as high as C$0.21 and last traded at C$0.21. Approximately 1,000 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 21,785 shares. The stock had previously closed at C$0.20.
Wall Street Analyst Weigh In
Separately, Fundamental Research set a C$0.62 price target on shares of Aton Resources and gave the stock a “buy” rating in a research report on Wednesday, May 22nd.
Get Our Latest Report on Aton Resources
Aton Resources Trading Up 7.7 %
Insider Transactions at Aton Resources
In other Aton Resources news, insider OU HEKTIK purchased 353,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was bought at an average price of C$0.32 per share, with a total value of C$112,960.00. Over the last three months, insiders acquired 558,500 shares of company stock worth $172,546. Company insiders own 67.91% 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.
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