Avesoro Resources (ASO) Reaches New 12-Month Low at $94.00

Avesoro Resources Inc (LON:ASO)’s share price hit a new 52-week low on Wednesday . The stock traded as low as GBX 94 ($1.23) and last traded at GBX 95.50 ($1.25), with a volume of 28524 shares trading hands. The stock had previously closed at GBX 98 ($1.28).

Several research firms have commented on ASO. Numis Securities reissued a “buy” rating and set a GBX 200 ($2.61) target price on shares of Avesoro Resources in a research report on Thursday, May 16th. FinnCap reissued a “corporate” rating and issued a GBX 302 ($3.95) price target (up from GBX 300 ($3.92)) on shares of Avesoro Resources in a report on Wednesday, May 15th. Shore Capital reissued a “not rated” rating on shares of Avesoro Resources in a report on Wednesday, May 8th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 283 ($3.70) price target on shares of Avesoro Resources in a report on Wednesday, May 8th.

The company has a debt-to-equity ratio of 159.05, a quick ratio of 0.34 and a current ratio of 0.83. The firm has a market cap of $77.53 million and a P/E ratio of -1.55.

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About Avesoro Resources (LON: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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