Anconia Resources (CVE:ARA) Upgraded to “Outperform” at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Anconia Resources (CVE:ARA) from a sector perform rating to an outperform rating in a report published on Monday morning,BayStreet.CA reports. They currently have C$6.00 target price on the stock, up from their prior target price of C$3.00.

Anconia Resources Trading Up ∞

ARA opened at C$0.01 on Monday. The firm has a market cap of C$1.48 million and a price-to-earnings ratio of -5.00. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 1.41. Anconia Resources has a 12 month low of C$0.01 and a 12 month high of C$0.04. The stock has a fifty day moving average price of C$0.01 and a 200-day moving average price of C$0.01.

About Anconia Resources

Anconia Resources Corp. operates as a base and precious metal exploration and development company in Canada. The company primarily explores for zinc and gold deposits. It owns 100% interests in the Atlas properties located in the Territory of Nunavut. The company also has interest in the Batchewana property in the Batchewana Greenstone Belt near Sault Ste Marie, Ontario; and in the Grenfell property in the Kirkland Lake Area, Ontario. Anconia Resources Corp. is based in Toronto, Canada.