Ascendant Resources Inc. (OTCMKTS:ASDRF) Sees Large Decline in Short Interest

Ascendant Resources Inc. (OTCMKTS:ASDRF) was the target of a large decline in short interest during the month of 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 daily trading volume, of 3,600 shares, the days-to-cover ratio is presently 0.4 days.

Ascendant Resources Stock Performance

Shares of OTCMKTS:ASDRF opened at $0.03 on Friday. Ascendant Resources has a twelve month low of $0.03 and a twelve month high of $0.14. The firm has a 50 day simple moving average of $0.04 and a 200-day simple moving average of $0.05.

About Ascendant Resources

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.