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Asante Gold CNSX:ASE Stock Report

Last Price

CA$1.19

Market Cap

CA$601.3m

7D

-4.0%

1Y

-30.0%

Updated

20 Nov, 2024

Data

Company Financials

Asante Gold Corporation

CNSX:ASE Stock Report

Market Cap: CA$601.3m

ASE Stock Overview

A mineral exploration company, engages in the acquisition, exploration, development, and operation of gold properties in the Republic of Ghana. More details

ASE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

Risk Analysis

Earnings have declined by 62% per year over past 5 years

Shareholders have been diluted in the past year


Asante Gold Corporation Competitors

Orezone Gold

TSX:ORE

CA$270.1m

i-80 Gold

TSX:IAU

CA$311.7m

Galiano Gold

TSX:GAU

CA$516.4m

TRX Gold

TSX:TRX

CA$137.0m

Price History & Performance

Summary of all time highs, changes and price drops for Asante Gold
Historical stock prices
Current Share PriceCA$1.19
52 Week HighCA$1.75
52 Week LowCA$0.83
Beta1.65
11 Month Change-13.77%
3 Month Change-0.83%
1 Year Change-30.00%
33 Year Change-4.80%
5 Year Change3,866.67%
Change since IPO124.53%

Recent News & Updates

Recent updates

Asante Gold Corporation (CSE:ASE) Shares Fly 27% But Investors Aren't Buying For Growth

Aug 24
Asante Gold Corporation (CSE:ASE) Shares Fly 27% But Investors Aren't Buying For Growth

The Market Doesn't Like What It Sees From Asante Gold Corporation's (CSE:ASE) Revenues Yet

Apr 01
The Market Doesn't Like What It Sees From Asante Gold Corporation's (CSE:ASE) Revenues Yet

Asante Gold Corporation's (CSE:ASE) Revenues Are Not Doing Enough For Some Investors

Dec 18
Asante Gold Corporation's (CSE:ASE) Revenues Are Not Doing Enough For Some Investors

Shareholder Returns

ASECA Metals and MiningCA Market
7D-4.0%5.3%0.7%
1Y-30.0%30.0%21.7%

Return vs Industry: ASE underperformed the Canadian Metals and Mining industry which returned 29.8% over the past year.

Return vs Market: ASE underperformed the Canadian Market which returned 21.4% over the past year.

Price Volatility

Is ASE's price volatile compared to industry and market?
ASE volatility
ASE Average Weekly Movement6.7%
Metals and Mining Industry Average Movement10.5%
Market Average Movement8.3%
10% most volatile stocks in CA Market17.6%
10% least volatile stocks in CA Market2.9%

Stable Share Price: ASE has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: ASE's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20111,373Dave Anthonywww.asantegold.com

Asante Gold Corporation, a mineral exploration company, engages in the acquisition, exploration, development, and operation of gold properties in the Republic of Ghana. The company holds 100% interest in the Fahiakoba concession situated in the Ashanti and Central regions in the Republic of Ghana; 90% interest in the Bibiani gold mine located in the western region of Ghana; and 90% interest in the Chirano gold mine located in Ghana. It also has an option to acquire a 100% interest in the Betenase permit located in Ghana; 90% interest in the Kubi Mining lease located in Ghana; and 50% interest in the Keyhole Gold project.

Asante Gold Corporation Fundamentals Summary

How do Asante Gold's earnings and revenue compare to its market cap?
ASE fundamental statistics
Market capCA$601.30m
Earnings (TTM)-CA$54.98m
Revenue (TTM)CA$622.44m

1.0x

P/S Ratio

-10.8x

P/E Ratio

Is ASE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ASE income statement (TTM)
RevenueUS$445.21m
Cost of RevenueUS$484.38m
Gross Profit-US$39.18m
Other ExpensesUS$149.68k
Earnings-US$39.33m

Last Reported Earnings

Jul 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.078
Gross Margin-8.80%
Net Profit Margin-8.83%
Debt/Equity Ratio752.5%

How did ASE perform over the long term?

See historical performance and comparison