ASCENDANT RESOURCES INC chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share N/A
Dividend & YieldN/AC$ (N/A)
Beta 1.62
Market capitalization 14.87M
Operating cash flow -2.14M
ESG Scores unknown

Company description

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.

Sector: Basic Materials - Industry: Other Industrial Metals & Mining

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 3.89M -716k -22k -744k
Total Cashflows From Investing Activities -25.02M -19.04M -1.86M -3M
Net Borrowings 4.47M -186k 150k 3.11M
Total Cash From Financing Activities 4.62M 9.24M -8.31M 5.65M
Change To Operating Activities -3.3M 24k 57k -119k
Issuance Of Stock 151k 115k 760k 2.21M
Net Income 3M -8.21M -12.12M -4.72M
Change In Cash -4.23M -2.12M -928k 182k
Effect Of Exchange Rate -113k -63k -270k -117k
Total Cash From Operating Activities 16.28M 7.73M 9.52M -2.35M
Depreciation 5.03M 109k 105k 123k
Change To Account Receivables -1.11M 12k 23k -22k
Other Cashflows From Financing Activities 9.32M 9.32M -9.22M 329k
Change To Netincome 2.83M 16.51M 21.47M 3.13M
Capital Expenditures -21.74M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 4.67M -7.62M -2.96M -4.72M
Net Income 3M -8.21M -12.12M -4.72M
Selling General Administrative 15.96M 4.95M 2.34M 1.96M
Gross Profit 26.14M
Ebit 5.02M -5.06M -2.44M -2.09M
Operating Income 5.02M -5.06M -2.44M -2.09M
Interest Expense -1.02M -13k -13k -546k
Income Tax Expense 1.66M
Total Revenue 85.62M
Cost Of Revenue 59.48M
Total Other Income ExpenseNet -355k -2.56M -514k -2.63M
Net Income From Continuing Ops 3M -7.62M -2.96M -4.72M
Net Income Applicable To Common Shares 3M -8.21M -12.12M -4.72M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 42.45M 59.5M 1.68M 4.05M
Total Stockholder Equity 23.62M 15.92M 4.78M 3.86M
Other Current Liabilities 1.58M 2.76M
Total Assets 66.07M 75.42M 6.45M 7.91M
Common Stock 36.04M 36.19M 38.82M 41.58M
Other Current Assets 137k
Retained Earnings -22.75M -30.15M -41.99M -46.71M
Treasury Stock 10.33M 9.88M 7.95M 8.99M
Cash 3.81M 1.68M 756k 938k
Total Current Liabilities 26.91M 35.47M 1.68M 3.71M
Other Stockholder Equity 10.33M 9.88M 7.95M 8.99M
Property, Plant, and Equipment 39.34M 48.13M 129k 449k
Total Current Assets 19.8M 18.41M 1.07M 1.46M
Net Tangible Assets 23.62M 15.92M 4.78M 3.86M
Net Receivables 4.09M 3.81M 121k 207k
Accounts Payable 7.78M 7.01M 444k 317k


Insider Transactions

Here are the insider transactions of stock shares related to ASCENDANT RESOURCES INC:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Shefsky (Stephen Mitchell)Exercise of warrants at price 0.11 per share.D2022-10-05Director of Issuer125k
Ball (David)Acquisition or disposition in the public market at price 0.11 per share.D2022-10-04Senior Officer of Issuer25k
Ball (David)Acquisition or disposition in the public market at price 0.12 per share.D2022-09-23Senior Officer of Issuer12k
Ball (David)Acquisition or disposition in the public market at price 0.13 per share.D2022-09-15Senior Officer of Issuer10k
Jones (Christopher B)D2022-06-29Director of Issuer
Ball (David)Acquisition or disposition carried out privately at price 0.16 per share.D2022-05-20Senior Officer of Issuer250k
Calandra (Carl)Acquisition or disposition carried out privately at price 0.16 per share.D2022-05-20Senior Officer of Issuer250k
Swemmer (Clinton John)Acquisition or disposition carried out privately at price 0.16 per share.D2022-05-20Senior Officer of Issuer250k
Sergio (Gelcich)Acquisition or disposition carried out privately at price 0.16 per share.D2022-05-20Senior Officer of Issuer50k
Laciak (Steve)Acquisition or disposition under a prospectus exemption at price 0.16 per share.D2022-05-2010% Security Holder of Issuer2.25M
Barros (Joao Fernando Neiva Ervedosa)Acquisition or disposition carried out privately at price 0.16 per share.D2022-05-20Senior Officer of Issuer10k
Hale-Sanders (Clifford David CFA)Acquisition or disposition carried out privately at price 0.16 per share.D2022-05-20Senior Officer of Issuer250k
Ball (David)Exercise of options at price 0.19 per share.D2022-03-03Senior Officer of Issuer100k
Campbell (Robert Anderson)D2022-02-03Director of Issuer50k
Brennan (Mark Peter)I2022-01-12Director of Issuer300k
Ball (David)Acquisition or disposition in the public market at price 0.18 per share.D2021-12-08Senior Officer of Issuer20k
Ball (David)Acquisition or disposition in the public market at price 0.18 per share.D2021-12-06Senior Officer of Issuer20k
Ball (David)D2021-11-22Senior Officer of Issuer
Calandra (Carl)Acquisition or disposition carried out privately at price 0.19 per share.D2021-11-01Senior Officer of Issuer100k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to ASCENDANT RESOURCES INC. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on ASCENDANT RESOURCES INC

Here is the result of two systematic investment strategies applied to ASCENDANT RESOURCES INC. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on ASCENDANT RESOURCES INC

The following chart shows the equity curve of the two systematic investment strategies applied to ASCENDANT RESOURCES INC:

ASCENDANT RESOURCES INC automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -3.6% on the backtest period.

Performance at glance

Performance

-3.6 %

Latent gain

-80.89 C$

Invested capital

2249.57 C$

Annualized return

-0.81 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on ASCENDANT RESOURCES INC

This is the result of two momentum investment strategies applied to ASCENDANT RESOURCES INC. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on ASCENDANT RESOURCES INC

The following chart shows all the entries opened by the momentum investment system on ASCENDANT RESOURCES INC:

ASCENDANT RESOURCES INC momentum entries
  • The first momentum investment strategy would give 24.08% of return on ASCENDANT RESOURCES INC. That represents 1324.12C$ of latent gain with 5499.74C$ of employed capital.
  • The second momentum investment strategy would give 9.05% of return on ASCENDANT RESOURCES INC. That represents 316.64C$ of latent gain with 3499.3C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

24.08 %

Latent gain

1324.12 C$

Invested capital

5499.74 C$

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

9.05 %

Latent gain

316.64 C$

Invested capital

3499.3 C$

Annualized return

2.3 %

Momentum equity curve on ASCENDANT RESOURCES INC

The following chart shows the equity curve of the two momentum strategies applied to ASCENDANT RESOURCES INC:

ASCENDANT RESOURCES INC momentum equity

Note: the dividends potentially given by ASCENDANT RESOURCES INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on ASCENDANT RESOURCES INC

The following chart shows the employed capital evolution of the two momentum strategies on ASCENDANT RESOURCES INC since the beginning:

ASCENDANT RESOURCES INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on ASCENDANT RESOURCES INC

Buy the dip entry openings on ASCENDANT RESOURCES INC

ASCENDANT RESOURCES INC

The performance achieved by the robo-advisor on ASCENDANT RESOURCES INC is 0%. That represents 0.0$ of latent gain with 0.0C$ of employed capital. The following chart shows ASCENDANT RESOURCES INC stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of ASCENDANT RESOURCES INC, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 C$

Invested capital

0.0 C$

Annualized return

0.0 %

Equity curve of the strategy applied to ASCENDANT RESOURCES INC

The following chart shows the result of the investment strategy applied to ASCENDANT RESOURCES INC:

ASCENDANT RESOURCES INC

Note: the dividends potentially given by ASCENDANT RESOURCES INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on ASCENDANT RESOURCES INC

The following chart shows the employed capital evolution since the beginning of the investment strategy on ASCENDANT RESOURCES INC:

ASCENDANT RESOURCES INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on ASCENDANT RESOURCES INC

In this section, I will compare the three previous investment strategies applied to ASCENDANT RESOURCES INC.

Equity curve comparison on ASCENDANT RESOURCES INC

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

ASCENDANT RESOURCES INC investment strategy comparison

Employed capital comparison on ASCENDANT RESOURCES INC

ASCENDANT RESOURCES INC investment comparison

Performance comparison on ASCENDANT RESOURCES INC

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -3.6% -80.89C$ 2249.57C$ -0.81%
Momentum 1 quarter 24.08% 1324.12C$ 5499.74C$ 5.76%
Momentum 2 quarters 9.05% 316.64C$ 3499.3C$ 2.3%
Non-directional 0% 0.0C$ 0.0C$ 0.0%
Annualized return comparison

Automatic investment

-0.81 %

Momentum 1Q

2.3 %

Momentum 2Q

2.3 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with ASCENDANT RESOURCES INC:

Positive correlations

Most correlated stocks this year

  • ASCENDANT RESOURCES INC

  • Most correlated stocks last 3 months

  • ASCENDANT RESOURCES INC

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • TELEPERFORMANCE
  • SPIE

  • Note: The algorithm computes the probability of correlation between ASCENDANT RESOURCES INC and the other stocks. There may be false positives or some missing correlated stocks. If the price of ASCENDANT RESOURCES INC does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name ASCENDANT RESOURCES INC
    Country Canada
    City Toronto
    Address 200 Bay Street
    Phone 647 796 0066
    Website www.ascendantresources.com
    FullTime employees
    Industry Other Industrial Metals & Mining
    Sector Basic Materials
    Exchange XTSE
    Ticker ASND.XTSE
    Market

    ASCENDANT RESOURCES INC ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown