Avesoro Resources (ASO) Trading 10.7% Higher
Avesoro Resources Inc (LON:ASO) shares traded up 10.7% on Wednesday . The company traded as high as GBX 124.90 ($1.63) and last traded at GBX 124.50 ($1.63). 102,728 shares were traded during mid-day trading, an increase of 203% from the average session volume of 33,862 shares. The stock had previously closed at GBX 112.50 ($1.47).
A number of research analysts have recently weighed in on the company. FinnCap restated a “corporate” rating on shares of Avesoro Resources in a research report on Thursday, March 14th. Numis Securities restated a “buy” rating on shares of Avesoro Resources in a research report on Friday, January 18th.
The stock has a market cap of $91.77 million and a price-to-earnings ratio of -3.42. The company has a debt-to-equity ratio of 128.84, a current ratio of 0.81 and a quick ratio of 0.20.
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Avesoro Resources Inc explores for, develops, and operates gold assets in West Africa. The company primarily owns interests in the New Liberty gold mine located in Liberia; and Youga gold mine and Balogo satellite deposit in Burkina Faso. It also has an exploration stage gold project in Cameroon. The company was incorporated in 2011 and is based in Toronto, Canada.
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