Ascot Resources (TSE:AOT) Hits New 12-Month Low – Should You Sell?

Ascot Resources Ltd. (TSE:AOT)’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 changing hands. The stock had previously closed at C$0.14.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. BMO Capital Markets reduced their target price on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a research note on Tuesday, November 19th. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th.

Ascot Resources Stock Up 10.3 %

The stock has a market cap of C$113.03 million, a PE ratio of -16.00 and a beta of 1.46. The business has a fifty day moving average of C$0.19 and a 200-day moving average of C$0.26. The company has a debt-to-equity ratio of 15.61, a current ratio of 0.28 and a quick ratio of 1.73.

Ascot Resources (TSE:AOT) last issued its earnings results on Friday, November 8th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$11.99 million during the quarter. Ascot Resources had a negative return on equity of 0.83% and a negative net margin of 125.09%. Equities research analysts anticipate that Ascot Resources Ltd. will post 0.1030303 earnings per share for the current year.

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.