Ascot Resources (TSE:AOT) Hits New 1-Year Low - Should You Sell?

Key Points

• Ascot Resources Ltd. has reached a new 52-week low, trading as low as C$0.05, with its last trading price at C$0.06.
• Analysts at BMO Capital Markets downgraded Ascot Resources from a "strong-buy" rating to a "hold," indicating a shift in sentiment regarding the company's stock.
• The company has a market capitalization of C$52.26 million and notably high debt, with a debt-to-equity ratio of 6.67, which could raise concerns among investors.

Shares of Ascot Resources Ltd. (TSE:AOT - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.05 and last traded at C$0.06, with a volume of 1185535 shares changing hands. The stock had previously closed at C$0.06.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets cut shares of Ascot Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th.

Ascot Resources Price Performance

The business's 50-day moving average price is C$0.07 and its 200 day moving average price is C$0.10. The stock has a market capitalization of C$52.26 million, a PE ratio of -2.86 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23.

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.

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