Short Interest in Ascendant Resources Inc. (OTCMKTS:ASDRF) Grows By 251.8%

Ascendant Resources Inc. (OTCMKTS:ASDRF) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 29,900 shares, a growth of 251.8% from the May 15th total of 8,500 shares. Based on an average daily volume of 95,700 shares, the short-interest ratio is presently 0.3 days.

Ascendant Resources Stock Up 10.8 %

Shares of OTCMKTS ASDRF traded up $0.00 during midday trading on Friday, reaching $0.03. The company’s stock had a trading volume of 10,000 shares, compared to its average volume of 81,890. Ascendant Resources has a one year low of $0.03 and a one year high of $0.14. The company has a 50 day moving average price of $0.04 and a 200 day moving average price of $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.