Aton Resources (CVE:AAN) Trading 7.7% Higher

Shares of Aton Resources Inc. (CVE:AAN) shot up 7.7% during trading on Wednesday . The company traded as high as C$0.21 and last traded at C$0.21. 1,000 shares changed hands during trading, a decline of 95% from the average session volume of 21,785 shares. The stock had previously closed at C$0.20.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.62 price target on Aton Resources and gave the company a “buy” rating in a research note on Wednesday, May 22nd.

Aton Resources Trading Up 7.7 %

The company has a 50 day simple moving average of C$0.25 and a 200 day simple moving average of C$0.25. The stock has a market capitalization of C$26.76 million, a PE ratio of -1.31 and a beta of 0.80.

Insider Transactions at Aton Resources

In other news, insider OU HEKTIK bought 353,000 shares of Aton Resources stock in a transaction dated Wednesday, May 15th. The stock was bought at an average price of C$0.32 per share, for a total transaction of C$112,960.00. Insiders purchased 558,500 shares of company stock worth $172,546 over the last 90 days. 67.91% of the stock is currently owned by insiders.

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.