Ascendant Resources Inc. (OTCMKTS:ASDRF) Sees Significant Decrease in Short Interest

Ascendant Resources Inc. (OTCMKTS:ASDRF) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 1,500 shares, a decline of 95.0% from the May 31st total of 29,900 shares. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is currently 0.4 days.

Ascendant Resources Stock Performance

ASDRF opened at $0.03 on Friday. Ascendant Resources has a 1-year low of $0.03 and a 1-year high of $0.14. The stock’s 50 day simple moving average is $0.04 and its 200 day simple moving average is $0.05.

Ascendant Resources Company Profile

Ascendant Resources Inc explores and develops mineral properties in Portugal. The company explores for silver, gold, zinc, copper, lead, and tin. It holds 80% interest in the Lagoa Salgada volcanogenic massive sulphide project, which covers an area of 10,700 hectares located on the Iberian Pyrite Belt in Portugal.