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

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

Wall Street Analysts Forecast Growth

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

Ascot Resources Trading Down 20.7 %

The business has a 50 day moving average of C$0.18 and a two-hundred day moving average of C$0.24. 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 has a market cap of C$109.26 million, a P/E ratio of -5.97 and a beta of 1.46.

Ascot Resources Company Profile

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.