Ascendant Resources (ASND) Stock Price, News & Analysis

Company Overview

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. The company was formerly known as Morumbi Resources Inc. and changed its name to Ascendant Resources Inc. in December 2016. The company was incorporated in 2006 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$0.06 to C$0.06
• 50-Day Range: C$0.04 to C$0.06
• 52-Week Range: C$0.03 to C$0.11
• Volume: 16,000 shs
• Average Volume: 100,166 shs
• Market Capitalization: C$10.27 million
• P/E Ratio: N/A
• Dividend Yield: 4.75%
• Price Target: C$0.30
• Consensus Rating: N/A

Ascendant Resources Stock Analysis - MarketRank™

Ascendant Resources scored higher than 11% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5

Amount of Analyst Coverage

Ascendant Resources has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Ascendant Resources is -1.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ascendant Resources is -1.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ASND.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Ascendant Resources is a leading dividend payer. It pays a dividend yield of 4.75%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Ascendant Resources does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for ASND.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: -0.10

News Sentiment

Ascendant Resources has a news sentiment score of -0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.38 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Ascendant Resources this week, compared to 1 article on an average week.

Search Interest

Only 4 people have searched for ASND on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ascendant Resources insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.29% of the stock of Ascendant Resources is held by insiders.

Percentage Held by Institutions

Only 14.51% of the stock of Ascendant Resources is held by institutions.

ASND Stock Analysis - Frequently Asked Questions

How have ASND shares performed this year?

Ascendant Resources' stock was trading at C$0.08 on January 1st, 2024. Since then, ASND stock has decreased by 31.3% and is now trading at C$0.06.
View the best growth stocks for 2024 here.

How do I buy shares of Ascendant Resources?

Shares of ASND stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Ascendant Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ascendant Resources investors own include Canadian Oil Sands (COS), Pine Cliff Energy (PNE), Aurora Cannabis (ACB), Altius Minerals (ALS), B2Gold (BTO), Bellatrix Exploration (BXE) and Stella-Jones (SJ).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Other Industrial Metals & Mining
• Sub-Industry: Pharmaceutical Products
• Current Symbol: TSE:ASND
• CUSIP: N/A
• CIK: N/A
• Web: www.ascendantresources.com
• Phone: +1-647-7960066
• Fax: N/A
• Employees: 640
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$0.30
• High Stock Price Target: C$0.30
• Low Stock Price Target: C$0.30
• Potential Upside/Downside: +500.0%
• Rating Score (0-4): 0.00
• Research Coverage: 0 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.03)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 1.10
• P/E Growth: N/A
• Net Income: C$-4,750,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: 230.96%
• Return on Assets: -12.94%

Debt

• Debt-to-Equity Ratio: 301.82
• Current Ratio: 0.05
• Quick Ratio: 0.04

Sales & Book Value

• Annual Sales: C$77.82 million
• Price / Sales: 0.12
• Cash Flow: C$0.00 per share
• Price / Cash Flow: 160.00
• Book Value: C($0.10) per share
• Price / Book: -0.50

Miscellaneous

• Outstanding Shares: 186,640,000
• Free Float: N/A
• Market Cap: C$9.33 million
• Optionable: Not Optionable
• Beta: 1.57