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

Ascot Resources Ltd. (TSE:AOT)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11, with a volume of 303077 shares changing hands. The stock had previously closed at C$0.10.

Wall Street Analyst Weigh In

AOT has been the topic of several recent analyst reports. Desjardins raised Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets dropped their price objective on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a report on Tuesday, November 19th.

Ascot Resources Trading Up 5.0 %

The business has a 50 day moving average of C$0.16 and a 200 day moving average of C$0.21. 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 firm has a market capitalization of C$99.76 million, a price-to-earnings ratio of -5.45 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.