Ascendant Resources (TSE:ASND) Sets New 1-Year Low at $0.05

Ascendant Resources Inc. (TSE:ASND) reached a new 52-week low during trading on Thursday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 1000 shares changing hands. The stock had previously closed at C$0.04.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price target on shares of Ascendant Resources from C$0.30 to C$0.35 in a research note on Wednesday, April 17th.

Ascendant Resources Trading Down 30.0 %

The business’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.06. The company has a debt-to-equity ratio of 301.82, a quick ratio of 0.04 and a current ratio of 0.26. The stock has a market capitalization of C$6.53 million, a PE ratio of -0.70 and a beta of 1.41.

Ascendant Resources Company Profile

Ascendant Resources Inc, a mining company, explores for and develops mineral properties. The company explores for zinc, copper, lead, tin, silver, gold, and other metals. It holds 50% 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.