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

Ascendant Resources Inc. (TSE:ASND) hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.06, with a volume of 186000 shares traded. The stock had previously closed at C$0.06.

Analysts Set New Price Targets

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

Ascendant Resources Stock Down 8.3 %

The business has a 50-day moving average price of C$0.06 and a 200-day moving average price of C$0.08. The company has a current ratio of 0.11, a quick ratio of 0.04 and a debt-to-equity ratio of 301.82. The stock has a market cap of C$11.36 million, a PE ratio of 0.75 and a beta of 1.36.

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.