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

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.07, with a volume of 925097 shares. The stock had previously closed at C$0.06.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AOT. Desjardins upgraded shares of Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th. BMO Capital Markets lowered shares of Ascot Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th.

Ascot Resources Stock Up 7.7%

The stock has a market capitalization of C$66.51 million, a P/E ratio of -3.63 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 stock's 50 day simple moving average is C$0.09 and its 200 day simple moving average is C$0.13.

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.