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

Ascot Resources Ltd. (TSE:AOT)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11, with a volume of 1403370 shares. The stock had previously closed at C$0.10.

Analyst Ratings Changes

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

Ascot Resources Price Performance

The firm has a market cap of C$99.76 million, a P/E ratio of -5.45 and a beta of 1.46. The firm’s fifty day simple moving average is C$0.17 and its 200 day simple moving average is C$0.23. 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

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.