Avesoro Resources’ (ASO) “Hold” Rating Reaffirmed at Numis Securities
Avesoro Resources (LON:ASO)‘s stock had its “hold” rating reissued by stock analysts at Numis Securities in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other research firms have also commented on ASO. FinnCap reiterated a “corporate” rating and set a GBX 302 ($3.95) price objective (up previously from GBX 300 ($3.92)) on shares of Avesoro Resources in a research note on Wednesday, May 15th. Berenberg Bank restated a “buy” rating and set a GBX 283 ($3.70) target price on shares of Avesoro Resources in a report on Wednesday, May 8th. Finally, Shore Capital restated a “not rated” rating on shares of Avesoro Resources in a report on Wednesday, May 8th.
LON ASO opened at GBX 39.50 ($0.52) on Tuesday. Avesoro Resources has a 12 month low of GBX 92 ($1.20) and a 12 month high of GBX 270 ($3.53). The company has a current ratio of 0.83, a quick ratio of 0.26 and a debt-to-equity ratio of 159.05. The company has a market cap of $32.22 million and a P/E ratio of -0.64.
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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