Ascot Resources (TSE:AOT) Sets New 52-Week Low – Should You Sell?

Shares of Ascot Resources Ltd. (TSE:AOT) reached a new 52-week low on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11, with a volume of 303077 shares. The stock had previously closed at C$0.10.

Analyst Ratings Changes

AOT has been the subject of several recent analyst reports. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets lowered their target price on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a research note on Tuesday, November 19th.

Ascot Resources Price Performance

The stock has a market cap of C$99.76 million, a price-to-earnings ratio of -5.45 and a beta of 1.46. The company has a 50 day simple moving average of C$0.16 and a 200-day simple moving average of C$0.21. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.

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.