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Asante Gold

CNSX:ASE
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASE
CNSX
CA$4M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Asante Gold Corporation, a mineral exploration company, engages in the acquisition and development of gold properties in the Republic of Ghana. The last earnings update was 94 days ago. More info.


Add to Portfolio Compare Print
  • Asante Gold has significant price volatility in the past 3 months.
ASE Share Price and Events
7 Day Returns
0%
CNSX:ASE
3.4%
CA Metals and Mining
1.3%
CA Market
1 Year Returns
40%
CNSX:ASE
22%
CA Metals and Mining
-0.1%
CA Market
ASE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Asante Gold (ASE) 0% 27.3% 27.3% 40% -70.8% -12.5%
CA Metals and Mining 3.4% 1.6% 9.1% 22% -11.7% 0.3%
CA Market 1.3% 4.2% 1.6% -0.1% 8.4% 5.7%
1 Year Return vs Industry and Market
  • ASE outperformed the Metals and Mining industry which returned 22% over the past year.
  • ASE outperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
ASE
Industry
5yr Volatility vs Market

Value

 Is Asante Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Asante Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$0.07.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Asante Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Asante Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:ASE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in CAD CA$-0.01
CNSX:ASE Share Price ** CNSX (2019-09-19) in CAD CA$0.07
Canada Metals and Mining Industry PE Ratio Median Figure of 99 Publicly-Listed Metals and Mining Companies 14.39x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 14.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Asante Gold.

CNSX:ASE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:ASE Share Price ÷ EPS (both in CAD)

= 0.07 ÷ -0.01

-6.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Asante Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Asante Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Asante Gold's expected growth come at a high price?
Raw Data
CNSX:ASE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 31 Publicly-Listed Metals and Mining Companies 1.06x
Canada Market PEG Ratio Median Figure of 245 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Asante Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Asante Gold's assets?
Raw Data
CNSX:ASE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in CAD CA$0.04
CNSX:ASE Share Price * CNSX (2019-09-19) in CAD CA$0.07
Canada Metals and Mining Industry PB Ratio Median Figure of 1,098 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,457 Publicly-Listed Companies 1.43x
CNSX:ASE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:ASE Share Price ÷ Book Value per Share (both in CAD)

= 0.07 ÷ 0.04

1.79x

* Primary Listing of Asante Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Asante Gold is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Asante Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Asante Gold has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Asante Gold expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Asante Gold has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
34.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Asante Gold expected to grow at an attractive rate?
  • Unable to compare Asante Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Asante Gold's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Asante Gold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:ASE Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.8%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:ASE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:ASE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-04-30 -3 -1
2019-01-31 0 -1
2018-10-31 0 0
2018-07-31 0 0
2018-04-30 0 -1
2018-01-31 0 -1
2017-10-31 2 -1
2017-07-31 2 -1
2017-04-30 2 -1
2017-01-31 0 -1
2016-10-31 -3 -1
2016-07-31 -3 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Asante Gold is high growth as no earnings estimate data is available.
  • Unable to determine if Asante Gold is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:ASE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Asante Gold Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:ASE Past Financials Data
Date (Data in CAD Millions) EPS *
2019-04-30 -0.01
2019-01-31 -0.01
2018-10-31 -0.01
2018-07-31 -0.01
2018-04-30 -0.01
2018-01-31 -0.01
2017-10-31 -0.01
2017-07-31 -0.02
2017-04-30 -0.03
2017-01-31 -0.03
2016-10-31 -0.04
2016-07-31 -0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Asante Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of ASE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Asante Gold's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Asante Gold's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Asante Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Asante Gold has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Asante Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Asante Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Asante Gold does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Asante Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Asante Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Asante Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Asante Gold Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:ASE Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 -0.59 0.53
2019-01-31 -0.59 0.52
2018-10-31 -0.49 0.70
2018-07-31 -0.44 0.65
2018-04-30 -0.54 0.73
2018-01-31 -0.67 0.81
2017-10-31 -0.63 0.92
2017-07-31 -0.72 0.95
2017-04-30 -0.98 1.24
2017-01-31 -0.90 1.19
2016-10-31 -1.31 1.16
2016-07-31 -1.19 1.11
2016-04-30 -0.87 0.76
2016-01-31 -0.85 0.73
2015-10-31 -0.74 0.61
2015-07-31 -0.72 0.58
2015-04-30 -0.70 0.56
2015-01-31 -0.71 0.56
2014-10-31 -0.76 0.64
2014-07-31 -0.77 0.63
2014-04-30 -0.73 0.59
2014-01-31 -0.79 0.63
2013-10-31 -0.92 0.71
2013-07-31 -0.97 0.80
2013-04-30 -0.99 0.82
2013-01-31 -1.19 0.97
2012-10-31 -1.62 1.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Asante Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Asante Gold has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Asante Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Asante Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Asante Gold has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Asante Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Asante Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Asante Gold's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Asante Gold's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Asante Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Asante Gold Company Filings, last reported 4 months ago.

CNSX:ASE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 2.24 2.63 0.01
2019-01-31 2.23 0.00 0.01
2018-10-31 2.37 0.00 0.01
2018-07-31 2.44 0.00 0.01
2018-04-30 2.51 0.00 0.01
2018-01-31 2.47 0.00 0.01
2017-10-31 1.84 1.28 0.00
2017-07-31 1.94 1.26 0.02
2017-04-30 2.20 1.32 0.04
2017-01-31 1.50 0.00 0.03
2016-10-31 1.75 1.33 0.20
2016-07-31 1.69 1.34 0.01
2016-04-30 1.77 1.33 0.11
2016-01-31 1.04 0.00 0.00
2015-10-31 1.04 1.41 0.02
2015-07-31 1.20 1.16 0.02
2015-04-30 1.21 2.06 0.11
2015-01-31 1.50 0.69 0.02
2014-10-31 1.31 0.49 0.01
2014-07-31 1.40 0.48 0.03
2014-04-30 1.61 0.45 0.01
2014-01-31 1.83 0.42 0.01
2013-10-31 1.86 0.32 0.00
2013-07-31 2.00 0.00 0.02
2013-04-30 2.11 0.00 0.24
2013-01-31 2.12 0.00 0.07
2012-10-31 2.10 0.00 0.24
  • Asante Gold's level of debt (117.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (28.3% vs 117.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Asante Gold has less than a year of cash runway based on current free cash flow.
  • Asante Gold has less than a year of cash runway if free cash flow continues to reduce at historical rates of -42.2% each year.
X
Financial health checks
We assess Asante Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Asante Gold has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Asante Gold's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Asante Gold dividends.
If you bought CA$2,000 of Asante Gold shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Asante Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Asante Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:ASE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Asante Gold has not reported any payouts.
  • Unable to verify if Asante Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Asante Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Asante Gold has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Asante Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Asante Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Asante Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Asante Gold's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Douglas MacQuarrie
COMPENSATION CA$170,000
AGE 65
TENURE AS CEO 8.3 years
CEO Bio

Mr. Douglas Richard MacQuarrie, P.Geo., BC, B.Sc., has been Chief Executive Officer and President of Asante Gold Corporation since May 4, 2011. Mr. MacQuarrie serves as the Chief Executive Officer and President of Goknet Mining Company Limited. Mr. MacQuarrie is a co-founder of Asante Gold Corporation. He co-founded Goknet Mining Company Limited in 2000. He has been actively involved in gold exploration in West Africa since 1993. Mr. MacQuarrie served as a Senior Advisor of Rockland Minerals Corp. He was an Executive Director of New Business & Exploration of PMI Gold Corporation since September 2008. He served as the Chief Executive Officer and President of PMI Gold Corporation since November 2008. He previously served as the Chief Executive Officer of PMI Gold Corporation from June 26, 2006 to September 2008 and from June 8, 2004 to May 29, 2006 and also served as its President from June 8, 2004 to September 2008. He served as the Chief Financial Officer of PMI Gold Corporation from May 29, 2006 to August 28, 2006 and served as its Vice President of Exploration. He served as Vice President of PMI Ventures Ltd. from May 6, 2003 to June 7, 2004. He served as Managing Director of Adansi Gold Company Limited since October 2003. He served as the President MIA Investments Ltd. since May 1995. He served as Managing Director of Switchback Mining Company Limited since January 2002. He served as Managing Director of EJT Exploration Ltd. Since January 2002. He has been a Director at Asante Gold Corporation since May 04, 2011. He has been an Independent Director of International Corona Capital Corp. since April 13, 2016. He served as a Director of NSS Resources Inc. from April 2, 2014 to December 16, 2015. He served as a Director of PMI Gold Corporation from June 8, 2004 to April 11, 2011. He served as a Director of Goknet Mining Company Limited from January 2002 to October 2004. Mr. MacQuarrie holds a B. Sc in Geology and Geophysics Combined Honours from the University of British Columbia in 1975.

CEO Compensation
  • Douglas's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Douglas's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Asante Gold management team in years:

8.1
Average Tenure
62.5
Average Age
  • The average tenure for the Asante Gold management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Douglas MacQuarrie

TITLE
President
COMPENSATION
CA$170K
AGE
65
TENURE
8.3 yrs

Philip Gibbs

TITLE
Chief Financial Officer
COMPENSATION
CA$90K
AGE
65
TENURE
8.1 yrs

Bashir Ahmed

TITLE
VP of Production & Development and Director

Janet Horbulyk

TITLE
Secretary
AGE
60
TENURE
8.1 yrs

Eric Ewen

TITLE
Advisor to the Board of Directors & Consultant
TENURE
2.5 yrs

Kevin Thomson

TITLE
Consultant & Advisor to the Board
AGE
59
TENURE
1.5 yrs

W. Jonah

TITLE

Alan McKerron

TITLE
Board of Directors Tenure

Average tenure and age of the Asante Gold board of directors in years:

4.8
Average Tenure
65
Average Age
  • The tenure for the Asante Gold board of directors is about average.
Board of Directors

Douglas MacQuarrie

TITLE
President
COMPENSATION
CA$170K
AGE
65
TENURE
8.3 yrs

Bashir Ahmed

TITLE
VP of Production & Development and Director
TENURE
4.2 yrs

Alex Heath

TITLE
Independent Director
COMPENSATION
CA$12K
TENURE
5.4 yrs

Eric Ewen

TITLE
Advisor to the Board of Directors & Consultant

Kevin Thomson

TITLE
Consultant & Advisor to the Board
AGE
59

Florian Riedl-Riedenstein

TITLE
Independent Director
COMPENSATION
CA$12K
AGE
75
TENURE
8.3 yrs

W. Jonah

TITLE

Alan McKerron

TITLE

Abdel-Majeed Haroun

TITLE
Independent Director
TENURE
0.5 yrs

Akbar Hassanally

TITLE
Advisor to the Board
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Asante Gold individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
06. Sep 19 Buy Florian Riedl-Riedenstein Individual 05. Sep 19 05. Sep 19 500,000 CA$0.05 CA$25,000
06. Aug 19 Buy Florian Riedl-Riedenstein Individual 06. Aug 19 06. Aug 19 28,000 CA$0.06 CA$1,475
24. Jul 19 Buy Douglas MacQuarrie Individual 22. Jul 19 22. Jul 19 60,000 CA$0.05 CA$3,000
24. Jul 19 Sell Florian Riedl-Riedenstein Individual 24. Jul 19 24. Jul 19 -527,000 CA$0.05 CA$-26,350
14. Nov 18 Buy Douglas MacQuarrie Individual 12. Nov 18 14. Nov 18 35,000 CA$0.05 CA$1,725
09. Nov 18 Buy Douglas MacQuarrie Individual 07. Nov 18 08. Nov 18 35,000 CA$0.05 CA$1,575
30. Oct 18 Buy Douglas MacQuarrie Individual 30. Oct 18 30. Oct 18 20,000 CA$0.04 CA$800
25. Oct 18 Buy Douglas MacQuarrie Individual 24. Oct 18 24. Oct 18 115,000 CA$0.04 CA$5,000
22. Oct 18 Buy Douglas MacQuarrie Individual 22. Oct 18 22. Oct 18 145,000 CA$0.05 CA$6,750
X
Management checks
We assess Asante Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Asante Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Type Of Shareholder Owns Asante Gold Corporation's (CNSX:ASE)?

A look at the shareholders of Asante Gold Corporation (CNSX:ASE) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'.

Simply Wall St -

Breaking Down Asante Gold Corporation's (CNSX:ASE) Ownership Structure

In this article, I will take a quick look at Asante Gold Corporation’s (CNSX:ASE) recent ownership structure – an unconventional investing subject, but an important one. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

Who Are The Top Investors In Asante Gold Corporation (CNSX:ASE)?

I am going to take a deep dive into Asante Gold Corporation’s (CNSX:ASE) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … While these are more of a long-term investor’s concern, short-term investors may find the impact of institutional trading overwhelming enough to lose out on what could be a potential opportunity.

Simply Wall St -

Company Info

Description

Asante Gold Corporation, a mineral exploration company, engages in the acquisition and development of gold properties in the Republic of Ghana. Its principal property is the Kubi Mining Lease located in south west Ghana. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.

Details
Name: Asante Gold Corporation
ASE
Exchange: CNSX
Founded: 2011
CA$4,483,902
64,055,757
Website: http://www.asantegold.com
Address: Asante Gold Corporation
595 Howe Street,
Suite 506,
Vancouver,
British Columbia, V6C 2T5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX ASE Common Shares Canadian National Stock Exchange CA CAD 29. Feb 2012
OTCPK ASGO.F Common Shares Pink Sheets LLC US USD 29. Feb 2012
DB 1A9 Common Shares Deutsche Boerse AG DE EUR 29. Feb 2012
Number of employees
Current staff
Staff numbers
0
Asante Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:14
End of day share price update: 2019/09/19 00:00
Last earnings filing: 2019/06/20
Last earnings reported: 2019/04/30
Last annual earnings reported: 2019/01/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.