Ascot Resources (TSE:AOT) Sets New 1-Year Low - Should You Sell?

Key Points

• Ascot Resources shares reached a new 52-week low of C$0.06 before closing at C$0.07, with a trading volume of 244,910 shares.
• Analysts have mixed ratings on the stock, with Desjardins upgrading it to "moderate buy," while BMO Capital Markets downgraded it from "strong-buy" to "hold."
• The company operates in the gold and silver exploration sector and has a high debt-to-equity ratio of 6.67, indicating potential financial risk.

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.07, with a volume of 244910 shares trading hands. The stock had previously closed at C$0.07.

Analysts Set New Price Targets

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

Ascot Resources Price Performance

The business's fifty day moving average is C$0.08 and its 200-day moving average is C$0.11. The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The firm has a market cap of C$59.38 million, a PE ratio of -3.25 and a beta of 1.46.

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.