Ascot Resources (TSE:AOT) Reaches New 12-Month Low - What's Next?

Key Points

• Ascot Resources Ltd. hit a new 52-week low, trading at C$0.05 with a significant volume of 861,144 shares.
• BMO Capital Markets downgraded the company from a "strong-buy" to a "hold" rating as part of its recent analysis.
• The stock currently has an average price target of C$0.15, suggesting a potential upside from its current trading price.

Shares of Ascot Resources Ltd. (TSE:AOT - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 861144 shares traded. The stock had previously closed at C$0.05.

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 note on Thursday, June 26th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$0.15.

Ascot Resources Trading Up 4.8%

The stock's 50 day moving average is C$0.06 and its 200-day moving average is C$0.09. The company has a market capitalization of C$81.79 million, a P/E ratio of -0.19 and a beta of 0.15. The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73.

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.