Ascot Resources (TSE:AOT) Trading Down 20.7% – Should You Sell?

Posted by Linda Flegge on Feb 22nd, 2025

Ascot Resources Ltd. (TSE:AOT – Get Free Report) shares were down 20.7% during trading on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares changed hands during mid-day trading, an increase of 474% from the average daily volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AOT shares. BMO Capital Markets decreased their price objective 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 raised Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th.

View Our Latest Stock Analysis on AOT

Ascot Resources Stock Performance

The business’s 50-day moving average price is C$0.18 and its 200-day moving average price is C$0.24. 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 stock 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

(Get Free Report)

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.