Ascendant Resources (TSE:ASND) Stock Price Down 14.3%

Ascendant Resources Inc (TSE:ASND) fell 14.3% during mid-day trading on Monday . The company traded as low as C$0.12 and last traded at C$0.12, 56,200 shares changed hands during trading. A decline of 29% from the average session volume of 78,656 shares. The stock had previously closed at C$0.14.

The company has a quick ratio of 0.00, a current ratio of 1.01 and a debt-to-equity ratio of 6.33. The stock’s 50 day moving average price is C$0.12 and its 200-day moving average price is C$0.20. The stock has a market capitalization of $10.10 million and a P/E ratio of -0.53.

Ascendant Resources Company Profile (TSE:ASND)

Ascendant Resources Inc explores for and evaluates mineral properties in Canada. It primarily has 100% interests in the El Mochito zinc, silver, and lead mine located in west central Honduras. The company was formerly known as Morumbi Resources Inc and changed its name to Ascendant Resources Inc in December 2016.

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