Avesoro Resources (ASO) Earns Corporate Rating from FinnCap

FinnCap reaffirmed their corporate rating on shares of Avesoro Resources (LON:ASO) in a research note published on Wednesday, ThisIsMoney.Co.Uk reports. FinnCap currently has a GBX 302 ($3.95) target price on the stock, up from their prior target price of GBX 300 ($3.92).

Several other equities research analysts have also weighed in on ASO. Shore Capital reaffirmed a not rated rating on shares of Avesoro Resources in a research report on Wednesday, May 8th. Berenberg Bank reaffirmed a buy rating and issued a GBX 283 ($3.70) target price on shares of Avesoro Resources in a research report on Wednesday, May 8th. Finally, Numis Securities reissued a buy rating on shares of Avesoro Resources in a report on Friday, January 18th.

ASO traded down GBX 1.50 ($0.02) during trading hours on Wednesday, hitting GBX 103 ($1.35). 914 shares of the stock were exchanged, compared to its average volume of 33,862. Avesoro Resources has a 12 month low of GBX 103.05 ($1.35) and a 12 month high of GBX 279.40 ($3.65). The stock has a market capitalization of $85.25 million and a PE ratio of -2.81. The company has a debt-to-equity ratio of 128.84, a current ratio of 0.81 and a quick ratio of 0.20.

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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