Avesoro Resources (ASO) Reaches New 12-Month Low at $102.50

Avesoro Resources Inc (LON:ASO) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 102.50 ($1.34) and last traded at GBX 102.50 ($1.34), with a volume of 2914 shares. The stock had previously closed at GBX 104.50 ($1.37).

Several research analysts have issued reports on ASO shares. Numis Securities restated a “buy” rating on shares of Avesoro Resources in a research report on Thursday. Berenberg Bank restated a “buy” rating and issued a GBX 283 ($3.70) price target on shares of Avesoro Resources in a research report on Wednesday, May 8th. FinnCap restated a “corporate” rating and issued a GBX 300 ($3.92) price target (up previously from GBX 293 ($3.83)) on shares of Avesoro Resources in a research report on Wednesday, May 8th. Finally, Shore Capital restated a “not rated” rating on shares of Avesoro Resources in a research report on Wednesday, May 8th.

The company has a debt-to-equity ratio of 128.84, a quick ratio of 0.20 and a current ratio of 0.81. The stock has a market capitalization of $85.25 million and a price-to-earnings ratio of -2.80.

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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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