Ascot Resources (TSE:AOT) Reaches New 12-Month Low – Here’s What Happened

Ascot Resources Ltd. (TSE:AOT)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10, with a volume of 90630 shares traded. The stock had previously closed at C$0.11.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. BMO Capital Markets lowered their target price on shares of Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a research note on Tuesday, November 19th. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th.

Ascot Resources Stock Performance

The firm has a market capitalization of C$99.76 million, a PE ratio of -5.45 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The stock has a 50-day moving average price of C$0.17 and a 200-day moving average price of C$0.22.

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.