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ASDRF (Ascendant Resources) 6-Month Price Index : 1.11 (As of Dec. 13, 2024)


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What is Ascendant Resources 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-12-13), Ascendant Resources's 6-Month Price Index is 1.11.

Competitive Comparison of Ascendant Resources's 6-Month Price Index

For the Other Industrial Metals & Mining subindustry, Ascendant Resources's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ascendant Resources  (OTCPK:ASDRF) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ascendant Resources  (OTCPK:ASDRF) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Ascendant Resources 6-Month Price Index Related Terms

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Ascendant Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascendant Resources Inc (OTCPK:ASDRF) » Definitions » 6-Month Price Index
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Traded in Other Exchanges
2D9:Germany ASND:Canada
Address
200 Bay Street, Suite 3205, Toronto, ON, CAN, M5J 2J2
Website
https://www.ascendantresources.com
Ascendant Resources Inc is a mining company. The company is engaged in evaluating resource opportunities. The Company's sole investment and exploration activities are in the Lagoa Salgada Project in Portugal. 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.