Ascendant Resources (TSX:ASND) - Stock Price, News & Analysis

ASND Stock Overview

Ascendant Resources Inc., a mining company, explores for and develops mineral properties.

ASND fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 95.8% below our estimate of its fair value

Risk Analysis

Makes less than USD$1m in revenue ($0)

Negative shareholders equity

Does not have a meaningful market cap (CA$13M)

Shareholders have been diluted in the past year

+ 2 more risks

Ascendant Resources Inc. Competitors

Camino Minerals

TSXV:COR

CA$13.4m

Tribeca Resources

TSXV:TRBC

CA$14.9m

Volt Carbon Technologies

TSXV:VCT

CA$13.4m

Spruce Ridge Resources

TSXV:SHL

CA$11.0m

Price History & Performance

Summary of all time highs, changes and price drops for Ascendant Resources
Historical stock prices
Current Share Price	CA$0.06
52 Week High	CA$0.24
52 Week Low	CA$0.05
Beta	1.41
1 Month Change	0%
3 Month Change	-20.00%
1 Year Change	-75.00%
3 Year Change	-64.71%
5 Year Change	-87.10%
Change since IPO	-96.92%

Recent updates

Shareholder Returns

	ASND	CA Metals and Mining	CA Market
7D	0%	-2.0%	-2.1%
1Y	-75.0%	-5.9%	3.6%

Return vs Industry: ASND underperformed the Canadian Metals and Mining industry which returned -8.3% over the past year.

Return vs Market: ASND underperformed the Canadian Market which returned 3.2% over the past year.

Price Volatility

Is ASND's price volatile compared to industry and market?
ASND volatility
ASND Average Weekly Movement	15.1%
Metals and Mining Industry Average Movement	11.6%
Market Average Movement	9.2%
10% most volatile stocks in CA Market	18.4%
10% least volatile stocks in CA Market	3.1%

Stable Share Price: ASND's share price has been volatile over the past 3 months.

Volatility Over Time: ASND's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

Founded	Employees	CEO	Website
2006	n/a	Joao Barros	www.ascendantresources.com

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.

Ascendant Resources Inc. Fundamentals Summary

How do Ascendant Resources's earnings and revenue compare to its market cap?
ASND fundamental statistics
Market cap	CA$12.60m
Earnings (TTM)	-CA$10.71m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-1.0x

P/E Ratio

Is ASND overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ASND income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	US$7.76m
Earnings	-US$7.76m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.043
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	-142.5%

How did ASND perform over the long term?

See historical performance and comparison

ASND Stock Overview

Rewards

Risk Analysis

Ascendant Resources Inc. Competitors

TSXV:COR

CA$13.4m

TSXV:TRBC

CA$14.9m

TSXV:VCT

CA$13.4m

TSXV:SHL

CA$11.0m

Price History & Performance

Recent News & Updates

Ascendant Resources Inc., Annual General Meeting, Jun 13, 2024

Ascendant Resources Inc. Reports Significant Metallurgical Improvements at its Lagoa Salgada VMS Project, Portugal

New major risk - Negative shareholders equity

New minor risk - Share price stability

Ascendant Resources Inc. announced that it has received CAD 2.74296 million in funding

Ascendant Resources Inc. announced that it expects to receive CAD 2.776 million in funding

Recent updates

Ascendant Resources Inc., Annual General Meeting, Jun 13, 2024

Ascendant Resources Inc. Reports Significant Metallurgical Improvements at its Lagoa Salgada VMS Project, Portugal

New major risk - Negative shareholders equity

New minor risk - Share price stability

Ascendant Resources Inc. announced that it has received CAD 2.74296 million in funding

Ascendant Resources Inc. announced that it expects to receive CAD 2.776 million in funding

Ascendant Resources Inc. Announces Appointment of Val Coetzee as Director of Process Engineering

New major risk - Share price stability

New minor risk - Share price stability

Ascendant Resources Announces Post-Tax Nv8 of USD 147 Million and 39% Irr from Initial Feasibility Study At Its Lagoa Salgada Project in Portugal

Ascendant Resources Inc., Annual General Meeting, Aug 23, 2023

Ascendant Resources Appoints Clinton Swemmer as Chief Technical Officer

Ascendant Resources Inc. Commences Drilling of Second Larger Step Out Geophysical Anomaly At Lagoa Salgada

Ascendant Resources Announces High Grade Copper Assay Results Supporting High-Grade Copper Corridor At the Venda Nova South Zone

Vice President of Technical Services recently sold CA$66k worth of stock

Ascendant Starts Drilling “Anomaly D” Exploration Target with Analogous Signature to North Zone Massive Sulphide Deposit At Lagoa Salgada

Forecast to breakeven in 2025

Ascendant Resources Reports Assay Results from an Additional Three Holes Drilled to Support Metallurgical Variability Testing in the North Zone of Venda Nova At the Lagoa Salgada VMS Project

Ascendant Resources Inc. Announces Exploration Program Targeting Several High Priority Geophysical Anomalies Adjacent to its Existing North and South Zones Within Venda Nova Area

Ascendant Resources Inc. Reports High-Grade Copper Intercept and Extends Footwall Lens to 550 Metre Strike Length with 200 Metre Step-Out Drill Hole in the Venda Nova South Deposit At Lagoa Salgada

Is Ascendant Resources (TSE:ASND) Using Too Much Debt?

Ascendant Resources Reports 12 Metres At 3.3% Copper (5.5% Cueq) and Discovers New Copper Enriched Zone Below Current Resources in the South Zone At Its Lagoa Salgada Project, Portugal

Ascendant Resources Inc. Elects Robert (Bob) M. Sellars and Christopher Jones to the Board

Ascendant Resources Inc. Announces Discovery of New Copper-Gold Zone and Reports Additional Strong Results from Its Infill Campaign At Lagoa Salgada, Portugal

Ascendant Resources Provides Update on Geological and Exploration Activities At Its Lagoa Salgada Property in Portugal

Ascendant Resources Inc. announced that it expects to receive CAD 3.5 million in funding

Ascendant Resources Intersects 78.5 Meters @ 22.72% Zinc Equivalent of Massive Sulphide in Venda Nova North Deposit At Lagoa Salgada Property Portugal

Mineral & Financial Investments Limited Announces Assays from its Investement Entity, Redcorp Empreedimentos Mineiros Lda and Ascendant Resources Inc

Ascendant Resources Inc. Provides an Update on Its Ongoing Feasibility Study and Related Activities At its Lagoa Salgada Project, Portugal

Ascendant Resources Inc. Provides Update on Its In-Fill Drill Program At Its Venda Nova Deposit At Lagoa Salgada

Ascendant Resources Inc. Begins Drill Program to Support Feasibility Study

Ascendant Resources Inc. Announces Robust Economic Results from Its Preliminary Economic Assessment (Pea) At Its Lagoa Salgada Vms Project in Portugal

Ascendant Resources Inc. Completes Phase 2 Metallurgical Test Work Program At Its Lagoa Salgada Vms Project in Portugal

Is Ascendant Resources (TSE:ASND) Using Too Much Debt?

Ascendant Resources Announces Updated Mineral Resource Estimate and Provides an Update to Geological Modeling to Support Future Growth Potential At Its Lagoa Salgada Vms Project in Portugal

Ascendant Resources Begins Preliminary Economic Assessment Combining the North and South Zones at Its Lagoa Salgada VMS Project in Portugal

Ascendant Resources Inc. announced that it has received CAD 3.9 million in funding

Ascendant Resources to Begin Phase 2 Metallurgical Test Work At Its Lagoa Salgada Vms Project in Portugal

Ascendant Resources Inc. Announces an Updated Mineral Resource Estimate for the Copper Rich South Zone at its Lagoa Salgada Project Located on the Iberian Pyrite Belt in Portugal

Independent Lead Director recently sold CA$77k worth of stock

Have Insiders Been Buying Ascendant Resources Inc. (TSE:ASND) Shares This Year?

Ascendant Resources Initiates Phase 2 Exploration Drilling Program in the Copper-Rich South Zone at Lagoa Salgada

New 90-day high: CA$0.24

Ascendant Resources Inc. Announces Results from First Three Drill Holes from its On-Going Drill Program on the South Zone at its Lagoa Salgada Project on the Iberian Pyrite Belt in Portugal

New 90-day high: CA$0.21

Ascendant Resources Discovers Native Copper Amid On-Going Drilling Campaign At Lagoa Salgada

Revenue behind estimates

Ascendant Resources Inc. announced that it has received CAD 1.26 million in funding

Ascendant Resources Inc. Initiates 2020 Exploration Program Focusing on the Copper-Rich South Zone

TSX Updates on Delisting Review of Ascendant Resources

First half earnings released

Kirungu Corporation completed the acquisition of American Pacific Honduras S.A. de C.V. from Ascendant Resources Inc. (TSX:ASND) and Chris Buncic.

Shareholder Returns

Price Volatility

About the Company

Ascendant Resources Inc. Fundamentals Summary

0.0x

-1.0x

Earnings & Revenue