Ascot Resources (TSE:AOT) Shares Down 12.5% – Here’s What Happened

Ascot Resources Ltd. (TSE:AOT) shares dropped 12.5% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11. Approximately 3,456,800 shares were traded during mid-day trading, an increase of 173% from the average daily volume of 1,264,597 shares. The stock had previously closed at C$0.12.

Analyst Ratings Changes

AOT has been the topic of several recent analyst reports. BMO Capital Markets reduced their target price on Ascot Resources from C$0.50 to C$0.15 in a report on Friday, April 11th. Desjardins raised Ascot Resources to a “moderate buy” rating in a report on Wednesday, April 16th.

Ascot Resources Stock Performance

The firm has a fifty day simple moving average of C$0.12 and a 200-day simple moving average of C$0.16. The stock has a market cap of C$80.76 million, a price-to-earnings ratio of -4.41 and a beta of 1.46. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.

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.