Avesoro Resources (TSE:ASO) Stock Price Down 1.2%

Avesoro Resources Inc (TSE:ASO)’s share price dropped 1.2% on Thursday . The stock traded as low as C$1.68 and last traded at C$1.68, approximately 2,506 shares changed hands during mid-day trading. A decline of 59% from the average daily volume of 6,147 shares. The stock had previously closed at C$1.70.

The firm’s 50 day moving average price is C$1.65 and its two-hundred day moving average price is C$1.55. The company has a debt-to-equity ratio of 273.31, a quick ratio of 0.20 and a current ratio of 0.76. The firm has a market cap of $138.68 million and a PE ratio of -2.11.

Avesoro Resources (TSE:ASO) last posted its quarterly earnings results on Thursday, November 14th. The company reported C($0.27) earnings per share for the quarter. The firm had revenue of C$41.24 million for the quarter. On average, analysts forecast that Avesoro Resources Inc will post -0.01 earnings per share for the current year.

About Avesoro Resources (TSE:ASO)

Avesoro Resources Inc explores for, develops, and operates gold assets in West Africa. The company primarily owns interests in the New Liberty gold mine located in Liberia; and Youga gold mine and Balogo satellite deposit in Burkina Faso. It also has an exploration stage gold project in Cameroon. The company was incorporated in 2011 and is based in Toronto, Canada.

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