Ascot Resources (TSE:AOT) Reaches New 1-Year Low - What's Next?

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.

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 523336 shares trading hands. The stock had previously closed at C$0.05.

Wall Street Analyst Weigh In

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

Ascot Resources Stock Down 9.1%

The stock has a market capitalization of C$74.36 million, a P/E ratio of -0.17 and a beta of 0.38. 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 moving average price is C$0.07 and its two-hundred day moving average price is C$0.09.

Ascot Resources Company Profile

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.