Ascot Resources (TSE:AOT) Shares Down 20.7% – Here’s Why

Ascot Resources Ltd. (TSE:AOT)’s share price traded down 20.7% during mid-day trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. 5,760,493 shares traded hands during trading, an increase of 470% from the average session volume of 1,011,139 shares. The stock had previously closed at C$0.15.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports 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 for the company in a research report on Tuesday, November 19th. Desjardins raised Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th.

Ascot Resources Price Performance

The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23. The company has a market cap of C$109.26 million, a P/E ratio of -5.97 and a beta of 1.46. The firm has a 50 day moving average price of C$0.18 and a two-hundred day moving average price of C$0.24.

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.