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

by · The Markets Daily

Shares of Ascot Resources Ltd. (TSE:AOT – Get Free Report) dropped 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 changed hands 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.

Wall Street Analyst Weigh In

AOT has been the topic of several recent analyst reports. BMO Capital Markets decreased their price objective 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 note on Wednesday, November 20th.

Read Our Latest Stock Analysis on Ascot Resources

Ascot Resources Stock Performance

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 current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The firm’s 50 day simple moving average is C$0.18 and its 200 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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