Ascendant Resources Inc. (TSE:ASND – Get Free Report) shares dropped 12.5% during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.04. Approximately 227,000 shares traded hands during mid-day trading, an increase of 124% from the average daily volume of 101,348 shares. The stock had previously closed at C$0.04.
Ascendant Resources Price Performance
The company’s fifty day moving average is C$0.05 and its 200 day moving average is C$0.04. The company has a quick ratio of 0.04, a current ratio of 0.05 and a debt-to-equity ratio of 301.82. The stock has a market cap of C$6.53 million, a PE ratio of -1.33 and a beta of 1.57.
About Ascendant Resources
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.
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