Shore Capital Reaffirms Not Rated Rating for Avesoro Resources (ASO)

Avesoro Resources (LON:ASO)‘s stock had its “not rated” rating reaffirmed by equities researchers at Shore Capital in a note issued to investors on Wednesday, Digital Look reports.

Other analysts have also issued reports about the company. FinnCap reissued a “corporate” rating on shares of Avesoro Resources in a report on Wednesday, March 6th. Berenberg Bank reissued a “buy” rating and set a GBX 283 ($3.70) target price on shares of Avesoro Resources in a report on Wednesday. Finally, Numis Securities reissued a “buy” rating on shares of Avesoro Resources in a report on Friday, January 18th.

LON ASO traded up GBX 4 ($0.05) on Wednesday, reaching GBX 108 ($1.41). The stock had a trading volume of 92,596 shares, compared to its average volume of 33,862. The company has a debt-to-equity ratio of 128.84, a current ratio of 0.81 and a quick ratio of 0.20. Avesoro Resources has a 1-year low of GBX 105 ($1.37) and a 1-year high of GBX 294.50 ($3.85). The firm has a market cap of $88.10 million and a price-to-earnings ratio of -2.95.

About Avesoro Resources

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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