Ascendant Resources Inc., a mining company, explores for and develops mineral properties. More Details
Adequate balance sheet with moderate growth potential.
Share Price & News
How has Ascendant Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ASND is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: ASND's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: ASND exceeded the Canadian Metals and Mining industry which returned 27.9% over the past year.
Return vs Market: ASND exceeded the Canadian Market which returned 37.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Ascendant Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is Ascendant Resources undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ASND's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ASND's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ASND is unprofitable, so we can't compare its PE Ratio to the Canadian Metals and Mining industry average.
PE vs Market: ASND is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ASND's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ASND is overvalued based on its PB Ratio (5.3x) compared to the CA Metals and Mining industry average (3x).
How is Ascendant Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASND is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: ASND is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ASND's is expected to become profitable in the next 3 years.
Revenue vs Market: ASND is forecast to have no revenue next year.
High Growth Revenue: ASND is forecast to have no revenue next year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ASND's Return on Equity is forecast to be high in 3 years time
How has Ascendant Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASND is currently unprofitable.
Growing Profit Margin: ASND is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ASND is unprofitable, and losses have increased over the past 5 years at a rate of 17.4% per year.
Accelerating Growth: Unable to compare ASND's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ASND is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (214.7%).
Return on Equity
High ROE: ASND has a negative Return on Equity (-60.98%), as it is currently unprofitable.
How is Ascendant Resources's financial position?
Financial Position Analysis
Short Term Liabilities: ASND's short term assets ($617.0K) do not cover its short term liabilities ($1.9M).
Long Term Liabilities: ASND has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ASND's debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: ASND had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ASND has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if ASND has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Ascendant Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ASND's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ASND's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ASND's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ASND's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ASND's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Brennan (55 yo)
Mr. Mark Peter Brennan serves as Chief Executive Officer at Ascendant Resources Inc. He served as Interim Chief Executive Officer at Ascendant Resources Inc. since April 30, 2021. Mr. Brennan is Chief Exec...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD269.48K) is above average for companies of similar size in the Canadian market ($USD160.38K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Experienced Management: ASND's management team is not considered experienced ( 0.1 years average tenure), which suggests a new team.
Experienced Board: ASND's board of directors are considered experienced (4.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ASND insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.1%.
Ascendant Resources Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Ascendant Resources Inc.
- Ticker: ASND
- Exchange: TSX
- Founded: 2006
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$26.875m
- Shares outstanding: 95.98m
- Website: https://www.ascendantresources.com
- Ascendant Resources Inc.
- 110 Yonge Street
- Suite 501
- M5C 1T4
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 interest in the Lagoa Sa...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/13 23:36|
|End of Day Share Price||2021/06/11 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.