Ascendant Resources (TSE:ASND) Hits New 1-Year High – Still a Buy?

Ascendant Resources Inc. (TSE:ASNDGet Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as C$0.09 and last traded at C$0.08, with a volume of 16918 shares changing hands. The stock had previously closed at C$0.09.

Ascendant Resources Stock Down 5.9%

The business has a fifty day moving average of C$0.07 and a 200 day moving average of C$0.05. The company has a market capitalization of C$10.38 million, a PE ratio of -0.38 and a beta of 1.57. The company has a current ratio of 0.10, a quick ratio of 0.04 and a debt-to-equity ratio of -92.09.

Ascendant Resources Company Profile

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Ascendant Resources Inc is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal. Through focused exploration and aggressive development plans, the Company aims to unlock the inherent potential of the project, maximizing value creation for shareholders.

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