Ascot Resources (TSE:AOT) Sets New 52-Week Low - Time to 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)'s stock price reached a new 52-week low during mid-day 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. The stock had previously closed at C$0.06.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AOT. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research report on Wednesday, April 16th. BMO Capital Markets cut Ascot Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th.

Ascot Resources Stock Down 7.7%

The firm has a market capitalization of C$57.01 million, a price-to-earnings ratio of -3.12 and a beta of 1.46. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The firm has a 50 day moving average price of C$0.08 and a two-hundred day moving average price of C$0.11.

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.