Ascendant Resources (TSE:ASND) Hits New 12-Month Low at $0.32
Ascendant Resources Inc (TSE:ASND)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.32 and last traded at C$0.32, with a volume of 28000 shares traded. The stock had previously closed at C$0.32.
A number of brokerages have issued reports on ASND. Cormark decreased their target price on Ascendant Resources from C$1.15 to C$0.85 in a research report on Tuesday, July 23rd. HC Wainwright decreased their target price on Ascendant Resources from C$2.10 to C$1.70 in a research report on Friday, August 9th.
The stock has a market cap of $24.67 million and a P/E ratio of -1.83. The company has a quick ratio of 0.14, a current ratio of 0.63 and a debt-to-equity ratio of 66.25. The business has a 50-day simple moving average of C$0.38 and a 200-day simple moving average of C$0.45.
Ascendant Resources Inc explores for and evaluates mineral properties in Canada. It primarily has 100% interests in the El Mochito zinc, silver, and lead mine located in west central Honduras. The company was formerly known as Morumbi Resources Inc and changed its name to Ascendant Resources Inc in December 2016.
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