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Asante Gold Corp
CNSX:ASE

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Asante Gold Corp
CNSX:ASE
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Price: 1.01 CAD -0.98% Market Closed
Market Cap: 506.1m CAD
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Gross Margin
Asante Gold Corp

-4.1%
Current
-16%
Average
17.6%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
-4.1%
=
Gross Profit
-19.3m
/
Revenue
465.9m

Gross Margin Across Competitors

Country CA
Market Cap 473.9m CAD
Gross Margin
-4%
Country RU
Market Cap 70.4T USD
Gross Margin
62%
Country ZA
Market Cap 240.7B Zac
Gross Margin
37%
Country ZA
Market Cap 102B Zac
Gross Margin
28%
Country CN
Market Cap 421.3B CNY
Gross Margin
17%
Country US
Market Cap 44.8B USD
Gross Margin
48%
Country CA
Market Cap 60.2B CAD
Gross Margin
60%
Country CA
Market Cap 39.9B CAD
Gross Margin
34%
Country CA
Market Cap 37.7B CAD
Gross Margin
60%
Country CA
Market Cap 35.3B CAD
Gross Margin
66%
Country RU
Market Cap 2T RUB
Gross Margin
70%
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Asante Gold Corp
Glance View

Market Cap
473.9m CAD
Industry
Metals & Mining

Asante Gold Corp. operates as a gold exploration and development company. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2012-03-01. The firm is focused on developing projects including the Bibiani and Kubi Gold mines located on the prolific Bibiani and Ashanti Gold Belts. The company has six project sites in Ghana, West Africa, of which two are in the development stage and four in exploration. Ghana has the gold endowment in West Africa, with over 130Moz in minable reserves. The majority of gold deposits in Ghana are located in or adjacent to the Ashanti Belt and the Bibiani-Sefwi Belt. The Bibiani deposit is hosted within meta-sediments of the Kumasi-Afema basin, on the eastern margin of the Bibiani-Sefwi Belt. Kubi Gold mines is located in south west Ghana, immediately south of AngloGold Ashanti's Obuasi mine, approximately 66-million-ounce pre-mining resource, and 25 kilometers east of Perseus Mining Limited's approximately 6.6 million-ounce Edikan Gold Mine.

ASE Intrinsic Value
1.2 CAD
Undervaluation 16%
Intrinsic Value
Price
A
What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
-4.1%
=
Gross Profit
-19.3m
/
Revenue
465.9m
What is the Gross Margin of Asante Gold Corp?

Based on Asante Gold Corp's most recent financial statements, the company has Gross Margin of -4.1%.