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

Ascot Resources Ltd. (TSE:AOT)’s stock price traded down 20.7% during mid-day trading on Friday . The company traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares were traded during mid-day 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 firms have recently commented on AOT. BMO Capital Markets lowered their target price on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a research report 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 Trading Down 20.7 %

The company’s 50 day moving average price is C$0.18 and its two-hundred day moving average price is C$0.24. 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.

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.