Ascot Resources (TSE:AOT) Hits New 12-Month Low – Here’s Why

Shares of Ascot Resources Ltd. (TSE:AOT) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.12 and last traded at C$0.15, with a volume of 2573270 shares. The stock had previously closed at C$0.15.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets cut their price objective on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a research note on Tuesday, November 19th.

Ascot Resources Trading Down 1.7 %

The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The firm’s 50 day moving average is C$0.18 and its two-hundred day moving average is C$0.24. The stock has a market cap of C$135.39 million, a price-to-earnings ratio of -7.40 and a beta of 1.46.

Ascot Resources Company Profile

Ascot Resources Ltd is a development and exploration company. It is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. It holds an interest in Premier Gold Project and Red Mountain Project. The company also has two other properties; Swamp Point, an aggregate project located in British Columbia on the Portland Canal, and Mt.