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Asante Gold
(ASE)
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Rating:41Neutral
Price Target:
C$0.84
▼(-63.95% Downside)
Action:Reiterated
Date:07/01/26
The score is driven primarily by weak fundamentals: large losses, high leverage versus equity, and significant TTM cash burn, which elevate solvency and funding risk. Technicals add further pressure with the stock trading below all key moving averages, signaling a persistent downtrend. Valuation provides limited support because the negative P/E reflects ongoing losses and there is no dividend yield data.
Asante Gold (ASE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$740.55M
Dividend YieldN/A
Average Volume (3M)1.11M
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees1,452
SectorN/A
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding903,104,000
10 Day Avg. Volume1,028,488
30 Day Avg. Volume1,112,527
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)316.49
Price to Sales (P/S)1.87
P/FCF Ratio-2.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Asante Gold Business Overview & Revenue Model
Company Description
Asante Gold Corporation, a mineral exploration and gold production company, primarily involved in the assessment, acquisition, development, and operation of mines in the Republic of Ghana. It explores gold deposits. The company was incorporated in...
How the Company Makes Money
Asante Gold makes money primarily by producing and selling gold. Revenue is generated when ore is mined and processed into gold (e.g., doré), which is then sold to buyers at prevailing market-linked prices; the company’s top line is therefore larg...
Asante Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
20
Very Negative
| Breakdown |
|---|
Income Statement |
| Total Revenue |
| Gross Profit |
| EBITDA |
| Net Income |
Balance Sheet |
| Total Assets |
| Cash, Cash Equivalents and Short-Term Investments |
| Total Debt |
| Total Liabilities |
| Stockholders Equity |
Cash Flow |
| Free Cash Flow |
| Operating Cash Flow |
| Investing Cash Flow |
| Financing Cash Flow |
Asante Gold Technical Analysis
Neutral
2.33
Price Trends
0.93
Negative
1.16
Negative
1.59
Negative
Market Momentum
-0.02
Negative
50.53
Neutral
76.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ASE, the sentiment is Neutral. The current price of 2.33 is above the 20-day moving average (MA) of 0.80, above the 50-day MA of 0.93, and above the 200-day MA of 1.59, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 50.53 is Neutral, neither overbought nor oversold. The STOCH value of 76.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ASE.
Asante Gold Peers Comparison
UnderperformOutperform
Sector (―)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
76 Outperform | C$1.52B | 10.92 | 21.51% | ― | 57.59% | 11.36% | |
61 Neutral | C$485.66M | 12.28 | 22.20% | ― | ― | ― | |
60 Neutral | C$1.39B | 141.84 | 0.50% | ― | 124.60% | -95.35% | |
50 Neutral | C$1.01B | -3.44 | -10.60% | ― | 1249.52% | 40.47% | |
41 Neutral | C$740.55M | -1.10 | -1283.12% | ― | ― | ― |
* Sector Average
TSE:ASE
Asante Gold
0.85
-0.75
-46.88%
TSE:ELE
Elemental Royalties
22.75
1.23
5.71%
TSE:ORE
Orezone Gold
2.31
1.23
113.89%
TSE:HSTR
Heliostar Metals
1.73
0.51
41.80%
TSE:ODV
Osisko Development
3.37
-0.23
-6.39%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.