Ascendant Resources Inc. (ASDRF)
Ascendant Resources Inc. operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Toronto, ON, CA. The stock last traded at $0.05, down 7.06% on the session, giving a market capitalisation of $9.3M. On trailing twelve-month figures it carries a trailing P/E of -1.82, a net margin of 0.0%. Its beta of 1.03 implies it has historically moved more than the broad market.
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 most often compared with the following Basic Materials names: