Ascot Resources (TSE:AOT) Sets New 12-Month Low at $0.14

Ascot Resources Ltd. (TSE:AOT)’s share price reached a new 52-week low on Friday . The stock traded as low as C$0.14 and last traded at C$0.18, with a volume of 6669336 shares changing hands. The stock had previously closed at C$0.44.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AOT shares. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a report on Thursday, July 25th. BMO Capital Markets restated an “outperform” rating and issued a C$1.25 price objective on shares of Ascot Resources in a report on Thursday, July 4th. Finally, CIBC decreased their price objective on shares of Ascot Resources from C$0.85 to C$0.60 in a report on Friday, July 5th.

Ascot Resources Stock Performance

The firm has a market capitalization of C$127.15 million, a PE ratio of -44.00 and a beta of 1.59. The company has a current ratio of 0.28, a quick ratio of 1.73 and a debt-to-equity ratio of 15.61. The business’s 50 day simple moving average is C$0.48 and its two-hundred day simple moving average is C$0.63.

Ascot Resources Company Profile

Ascot Resources Ltd. engages in the exploration, evaluation, and development of mineral properties in the United States and Canada. It explores for gold, silver, copper, porphyry copper, molybdenum, and sand and gravel deposits. The Company's principal property includes two landholdings, including its 100% interests in the Premier Gold Project covering an area of approximately 8,133 hectares; and Red Mountain Project that covers an area of approximately 17,125 hectares located in British Columbia.