Ascot Resources (TSE:AOT) Reaches New 1-Year Low - Time to Sell?

Key Points

• Ascot Resources Ltd. shares hit a new **52-week low** of C$0.04 during trading, maintaining a volume of 2,465,000 shares.
• BMO Capital Markets **downgraded** the stock from a "strong-buy" to a "hold" rating, with an average target price of **C$0.15**.
• The company's **current ratio** is 0.23 and it has a **debt-to-equity ratio** of 6.67, indicating potential financial instability.

Shares of Ascot Resources Ltd. (TSE:AOT - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 2465000 shares changing hands. The stock had previously closed at C$0.04.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets cut Ascot Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of C$0.15.

Ascot Resources Stock Performance

The company has a market cap of C$66.92 million, a P/E ratio of -0.16 and a beta of 0.15. The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The business has a 50-day moving average price of C$0.06 and a two-hundred day moving average price of C$0.09.

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.