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

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

Wall Street Analysts Forecast Growth

AOT has been the topic of a number of recent analyst reports. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets decreased their target price on shares of 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 20.7 %

The firm has a 50-day moving average price of C$0.18 and a 200-day moving average price of C$0.24. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23. The stock has a market cap of C$109.26 million, a PE ratio of -5.97 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.