Ascendant Resources (TSE:ASND) Sets New 12-Month Low at $0.25

Ascendant Resources Inc (TSE:ASND)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.25 and last traded at C$0.26, with a volume of 37000 shares changing hands. The stock had previously closed at C$0.28.

Several brokerages have recently commented on ASND. Cormark lowered their price objective on Ascendant Resources from C$1.15 to C$0.85 in a research report on Tuesday, July 23rd. HC Wainwright lowered their price objective on Ascendant Resources from C$2.10 to C$1.70 in a research report on Friday, August 9th.

The company has a debt-to-equity ratio of 66.25, a current ratio of 0.63 and a quick ratio of 0.14. The company has a market capitalization of $21.59 million and a PE ratio of -1.46. The business has a 50-day moving average of C$0.31 and a 200 day moving average of C$0.37.

About Ascendant Resources (TSE:ASND)

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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