Ascendant Resources Inc.

Ascendant Resources Inc.verified

ASDRF

Price:

$0.03

Market Cap:

$5.54M

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. The company was formerly known as Morumbi Resources Inc. and changed its name to Ascendant Resources Inc. in December 2016. Ascendant Resources Inc. was incorporated in 2006 and is headquartered in Toronto, Canada.[Read more]

Industry

Industrial Materials

IPO Date

2012-02-13

Stock Exchange

PNK

Ticker

ASDRF

The Current Ratio as of November 2024 (TTM) for Ascendant Resources Inc. (ASDRF) is 0.05

According to Ascendant Resources Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.05. This represents a change of -77.52% compared to the average of 0.20 of the last 4 quarters.

Ascendant Resources Inc. (ASDRF) Historical Current Ratio (quarterly & annually)

How has ASDRF Current Ratio performed in the past?

The mean historical Current Ratio of Ascendant Resources Inc. over the last ten years is 1.06. The current 0.05 Current Ratio has changed 329.55% with respect to the historical average. Over the past ten years (40 quarters), ASDRF's Current Ratio was at its highest in in the March 2017 quarter at 3.67. The Current Ratio was at its lowest in in the June 2024 quarter at 0.05.

Quarterly (TTM)
Annual

Average

1.06

Median

0.58

Minimum

0.09

Maximum

3.20

Ascendant Resources Inc. (ASDRF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Ascendant Resources Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 3.28%

Maximum Annual Current Ratio = 3.20

Minimum Annual Increase = -84.91%

Minimum Annual Current Ratio = 0.09

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.40-84.91%
20222.62565.68%
20210.39-38.47%
20200.6423.27%
20190.52-29.44%
20180.74-58.35%
20171.77-44.72%
20163.203.28%
20150.09-59.32%
20140.23114.29%

Ascendant Resources Inc. (ASDRF) Average Current Ratio

How has ASDRF Current Ratio performed in the past?

The current Current Ratio of Ascendant Resources Inc. (ASDRF) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.14

5-year avg

0.91

10-year avg

1.06

Ascendant Resources Inc. (ASDRF) Current Ratio vs. Peers

How is ASDRF’s Current Ratio compared to its peers?

Ascendant Resources Inc.’s Current Ratio is less than Edison Lithium Corp. (6.78), greater than Champion Bear Resources Ltd. (0.01), greater than Avarone Metals Inc. (0.01), less than Adriatic Metals PLC (1.01), less than A-Cap Energy Limited (7.51), less than Aurelia Metals Limited (2.02), less than Azimut Exploration Inc. (3.73), less than Altiplano Metals Inc. (0.05), less than Artemis Resources Limited (1.30), less than Benton Resources Inc. (4.36), less than Baroyeca Gold & Silver Inc. (0.65), less than China Rare Earth Holdings Limited (16.41), less than American Future Fuel Corporation (7.29),

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