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

Ascot Resources Ltd. (TSE:AOT) reached a new 52-week low on Thursday . The company traded as low as C$0.13 and last traded at C$0.14, with a volume of 2394476 shares. The stock had previously closed at C$0.14.

Analysts Set New Price Targets

AOT has been the subject of a number of recent research reports. BMO Capital Markets lowered their target price on 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 raised shares of Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th.

Ascot Resources Stock Performance

The stock’s fifty day simple moving average is C$0.19 and its 200-day simple moving average is C$0.26. The company has a market capitalization of C$98.90 million, a PE ratio of -14.00 and a beta of 1.46. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.73 and a current ratio of 0.28.

Ascot Resources (TSE:AOT) last issued its earnings results on Friday, November 8th. The company reported C($0.02) earnings per share for the quarter. Ascot Resources had a negative return on equity of 0.83% and a negative net margin of 125.09%. The company had revenue of C$11.99 million during the quarter. As a group, equities analysts predict that Ascot Resources Ltd. will post 0.1030303 earnings per share for the current year.

About Ascot Resources

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.