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TSX-V

Asante Gold Corporation

ASE.VBasic MaterialsGold
Current Price
$0.86
Today's Change
-1.15%
Market Cap
$522.82M
Volume
1.11M
🥇

Commodity Exposure

Gold

Current Price
$4,345.00/oz
+0.39% today
💡

Industry Context

Mining companies typically trade at 5-9x EV/EBITDA due to commodity price volatility. Gold price movements significantly impact profitability.

Price updated: Jun 16, 2026, 03:00 PM

💡 Quick Take

Asante Gold Corporation is a mineral exploration company focused on acquiring and developing gold properties in Ghana. While it boasts a relatively high EBITDA margin of 34.4%, indicating operational efficiency, its overall financial health is concerning with a low score of 11/100, negative net margins, and high debt-to-equity ratio of 2.65, suggesting potential liquidity issues. The current ratio of 0.61 and quick ratio of 0.33 further highlight financial vulnerability, despite the company's growth potential in the gold sector.

Based on 26 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$2.62
52 Week Low$0.74
Avg Volume737.12K
Beta1.32
Shares Outstanding607.93M

🔥 Valuation

Market Cap$522.82M
Enterprise Value$1.01B
P/E Ratio-1.16
EV/EBITDA ⚠️N/A
Dividend Yield0.00%

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🚩 Red Flags

🟠

Limited Cash Runway

Company is burning $20.6M per quarter with $62.3M in cash. Approximately 3.0 quarters of runway at current burn rate.

🟠

Significant Losses

Company posted a loss of $-331.8M over the last year, representing 51.8% of revenue.

🟠

High Debt Load

Debt of $334.5M is 5.4x the company's cash position of $62.3M.

🌟 Opportunities

💪

Strong revenue growth of 20.8% YoY indicates solid business momentum.

🚀

Both gross margin (+1.0pp) and operating margin (+0.1pp) are expanding simultaneously, indicating the company is scaling profitably.

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