Ascendant Resources Inc. (ASDRF) Stock

About Ascendant Resources Inc.

Ascendant Resources Inc. operates as a mining enterprise, dedicating its efforts to the exploration and development of mineral properties. The company's focus includes identifying and advancing deposits rich in various metals such as zinc, copper, lead, tin, silver, and gold. A significant asset for Ascendant is its 50% ownership stake in the Lagoa Salgada volcanogenic massive sulphide project, a site encompassing 10,700 hectares located within Portugal's Iberian Pyrite Belt. The firm, which was established in 2006 and maintains its headquarters in Toronto, Canada, previously conducted business as Morumbi Resources Inc. before rebranding to Ascendant Resources Inc. in December 2016.

Ascendant Resources Inc. is headquartered in CA.

Ascendant Resources Inc. (ASDRF) stock trades at $0.05 with a market capitalization of $9.33M. The stock is valued at a negative price-to-earnings (P/E) ratio of -1.83, reflecting a net loss over the last twelve months, a negative price-to-book of -0.51, reflecting negative shareholders' equity, price-to-sales of 0.00. Over the past 52 weeks the stock has ranged between $0.02 and $0.07, and currently trades 28.6% below its 52-week high.

On profitability, Ascendant Resources Inc. generates a return on equity (ROE) of 30.48% (not meaningful, as shareholders' equity is negative), return on capital employed of -23.74%.

Official website: cerradogold.com