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

Ascot Resources logo with Basic Materials background

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 changing hands. The stock had previously closed at C$0.06.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on Ascot Resources

Ascot Resources Trading Up 8.3%

The company has a fifty day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.13. The company has a market capitalization of C$61.76 million, a P/E ratio of -3.38 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73.

About Ascot Resources

(Get Free Report)

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.

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