Ascot Resources (TSE:AOT) Sets New 52-Week Low - Should You Sell?

Key Points

• Ascot Resources Ltd. (TSE:AOT) reached a new 52-week low, trading at C$0.06, with the last recorded price at C$0.07.
• Equities research analysts have shown mixed sentiments, with Desjardins upgrading the stock to a "moderate buy" while BMO Capital Markets downgraded it from "strong-buy" to "hold".
• The company has significant financial ratios, including a debt-to-equity ratio of 6.67 and a market cap of C$57.01 million.

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.07, with a volume of 370834 shares traded. The stock had previously closed at C$0.06.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. BMO Capital Markets lowered Ascot Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research report on Wednesday, April 16th.

Ascot Resources Price Performance

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$61.76 million, a P/E ratio of -3.38 and a beta of 1.46. The firm has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.11.

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.