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Ascot Resources (TSE:AOT) Hits New 52-Week Low - Time to Sell?

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Key Points

  • Ascot Resources (TSE:AOT) reached a new 52-week low at C$0.05, with a trading volume of 523,336 shares.
  • BMO Capital Markets has downgraded Ascot Resources from a "strong-buy" to a "hold" rating, with an average price target of C$0.15.
  • The company operates primarily in the gold and silver exploration sector, with significant projects in British Columbia's Golden Triangle region.
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Ascot Resources Ltd. (TSE:AOT - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 523336 shares changing hands. The stock had previously closed at C$0.05.

Analyst Ratings Changes

Separately, BMO Capital Markets downgraded shares of Ascot Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of C$0.15.

Check Out Our Latest Stock Report on Ascot Resources

Ascot Resources Price Performance

The business has a 50 day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.10. The firm has a market capitalization of C$52.26 million, a P/E ratio of -2.86 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23.

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.

See Also

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