Ascot Resources (TSE:AOT) Sets New 52-Week Low – Here’s What Happened

Shares of Ascot Resources Ltd. (TSE:AOT) hit a new 52-week low during 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 traded. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AOT. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets dropped their price target 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.

Ascot Resources Trading Down 1.7 %

The firm’s 50 day simple moving average is C$0.18 and its 200-day simple moving average is C$0.24. 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 company has a market capitalization of C$135.39 million, a PE 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.