Ascot Resources (TSE:AOT) Stock Price Down 20.7% – What’s Next?

by · The Cerbat Gem

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

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on Ascot Resources

Ascot Resources Trading Down 20.7 %

The firm has a market cap of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46. 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 stock’s fifty day simple moving average is C$0.18 and its two-hundred day simple moving average is C$0.24.

About Ascot Resources

(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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