Ascot Resources (TSE:AOT) Shares Down 20.7% – Here’s What Happened

by · The Cerbat Gem

Ascot Resources Ltd. (TSE:AOT – Get Free Report)’s stock price was down 20.7% during mid-day trading on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares changed hands during mid-day trading, an increase of 474% from the average daily volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets decreased their price target on shares of 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.

Read Our Latest Report on AOT

Ascot Resources Trading Down 20.7 %

The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The firm has a 50 day moving average price of C$0.18 and a 200 day moving average price of C$0.24. The stock has a market capitalization of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46.

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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