Ascendant Resources: Top 10 Undervalued Nano Cap Stocks on TSX (ASND)
Ascendant Resources is now ranked among the top 10 nano cap stocks on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
- Nano caps total market capitalization (<50M)
Stocks in this category are held primarily for capital appreciation. Nano, micro, and small cap stocks can be very volatile and may generate high returns or losses. Whereas mid and large cap stocks tend to be more stable.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| GMTN | Gold Mountain Mining | 0.02 | 0.06 | 0.04 (221.2%) | 455623 | 1.8 | 0.0 | 0.0 |
| IVQ-U | Invesque | 0.27 | 0.79 | 0.53 (198.5%) | 5639 | 18.4 | 0.0 | 0.0 |
| IVQ | Invesque | 0.35 | 0.92 | 0.56 (158.1%) | 14088 | 24.7 | 0.0 | 0.0 |
| EXN | Excellon Resources | 0.10 | 0.22 | 0.13 (136.3%) | 172685 | 4.0 | 0.0 | 0.0 |
| CWEB | Charlottes Web Holdings | 0.27 | 0.63 | 0.36 (132.2%) | 48638 | 41.3 | 0.0 | 0.0 |
| FOOD | Goodfood Market | 0.27 | 0.63 | 0.35 (131.5%) | 96958 | 20.5 | 0.0 | 0.0 |
| SCY | Scandium Intl Mining | 0.03 | 0.06 | 0.03 (125.2%) | 515925 | 8.9 | 0.0 | 15.5 |
| EGLX | Enthusiast Gaming Hldgs | 0.24 | 0.54 | 0.30 (124.0%) | 392531 | 37.1 | 0.0 | 0.0 |
| ASND | Ascendant Resources | 0.08 | 0.17 | 0.09 (118.1%) | 50086 | 10.8 | 0.0 | 1.0 |
| FGAA-U | FG Acquisition | 9.64 | 20.67 | 11.03 (114.4%) | 135 | 27.7 | 0.0 | 0.0 |
All data provided as of January 13, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Ascendant Resources
Ascendant Resources Inc is a mining company. The company is engaged in evaluating resource opportunities. It is focused on its own producing El Mochito zinc, silver and lead mine. The El Mochito mine is located in northwestern Honduras. The underground operation takes advantage of selective and bulk underground mining methods to mine multiple flat-lying manto deposits and high-grade vertical chimneys, producing zinc and lead concentrates with silver credits.
Ascendant Resources is listed under ASND on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
