Ascot Resources (TSE:AOT) Reaches New 52-Week Low - Here's Why

Key Points

• Ascot Resources Ltd. (TSE:AOT) reached a new 52-week low at C$0.06, with 309,813 shares traded.
• BMO Capital Markets downgraded Ascot Resources from a "strong-buy" to a "hold" rating, while Desjardins upgraded it to a "moderate buy".
• The company has a market capitalization of C$57.01 million and is focused on gold and silver exploration in the Golden Triangle region of British Columbia.

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 309813 shares traded. The stock had previously closed at C$0.06.

Analysts Set New Price Targets

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

Ascot Resources Stock Performance

The stock has a market cap of C$52.26 million, a price-to-earnings ratio of -2.86 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's 50-day moving average is C$0.07 and its two-hundred day moving average is C$0.10.

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.