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

Ascot Resources logo with Basic Materials background

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.13 and last traded at C$0.14, with a volume of 2394476 shares. The stock had previously closed at C$0.14.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on Ascot Resources

Ascot Resources Stock Performance

The firm has a market capitalization of C$102.43 million, a price-to-earnings ratio of -14.50 and a beta of 1.46. The stock's fifty day moving average is C$0.19 and its two-hundred day moving average is C$0.26. The company has a quick ratio of 1.73, a current ratio of 0.28 and a debt-to-equity ratio of 15.61.

Ascot Resources (TSE:AOT - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The company reported C($0.02) earnings per share (EPS) for the quarter. Ascot Resources had a negative net margin of 125.09% and a negative return on equity of 0.83%. The business had revenue of C$11.99 million during the quarter. On average, analysts predict that Ascot Resources Ltd. will post 0.1030303 earnings per share for the current year.

Ascot Resources Company Profile

(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.

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