Ascot Resources (TSE:AOT) Reaches New 1-Year Low - Here's What Happened

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as C$0.08 and last traded at C$0.09, with a volume of 164218 shares traded. The stock had previously closed at C$0.08.

Analyst Upgrades and Downgrades

AOT has been the subject of a number of recent analyst reports. BMO Capital Markets dropped their price target on shares of Ascot Resources from C$0.50 to C$0.15 in a research report on Friday, April 11th. Desjardins upgraded shares of Ascot Resources to a "moderate buy" rating in a research report on Wednesday, April 16th.

Ascot Resources Price Performance

The company has a market cap of C$76.01 million, a PE ratio of -4.15 and a beta of 1.46. The company's 50 day moving average is C$0.11 and its 200 day moving average is C$0.15. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.

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.