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

Ascot Resources Ltd. (TSE:AOT)’s stock price dropped 20.7% on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares were traded 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.

Analyst Upgrades and Downgrades

AOT has been the topic of several recent analyst reports. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets reduced their target price on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a report on Tuesday, November 19th.

Ascot Resources Trading Down 20.7 %

The stock has a 50-day moving average price of C$0.18 and a 200-day moving average price of C$0.24. The stock has a market cap of C$109.26 million, a P/E 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.

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.