Avesoro Resources (ASO) Coverage Initiated at Berenberg Bank

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Analysts at Berenberg Bank started coverage on shares of Avesoro Resources (LON:ASO) in a research report issued to clients and investors on Tuesday, October 9th. The firm set a “buy” rating on the stock.

A number of other equities analysts also recently commented on ASO. FinnCap restated a “corporate” rating on shares of Avesoro Resources in a research note on Tuesday, June 19th. Numis Securities restated a “buy” rating on shares of Avesoro Resources in a research note on Friday, June 22nd. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 4.20 ($0.05).

LON:ASO remained flat at $GBX 186.50 ($2.44) during mid-day trading on Tuesday. 8,429 shares of the company traded hands, compared to its average volume of 33,862. Avesoro Resources has a one year low of GBX 170 ($2.22) and a one year high of GBX 285 ($3.72).

About Avesoro Resources

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 and Balogo gold mine 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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