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

Ascot Resources Ltd. (TSE:AOT)’s stock price fell 20.7% during mid-day trading 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 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.

Analysts Set New Price Targets

A number of research firms have recently commented on AOT. BMO Capital Markets reduced their target price 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 raised shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th.

Ascot Resources Stock Down 20.7 %

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

About Ascot Resources

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.