Ascot Resources (TSE:AOT) Shares Down 33.3% – Here’s What Happened

Ascot Resources Ltd. (TSE:AOT)’s stock price was down 33.3% during trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 7,142,807 shares changed hands during trading, an increase of 475% from the average daily volume of 1,242,210 shares. The stock had previously closed at C$0.09.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AOT shares. BMO Capital Markets lowered their target price on Ascot Resources from C$0.50 to C$0.15 in a report on Friday, April 11th. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a report on Wednesday, April 16th.

Ascot Resources Stock Down 33.3%

The firm has a 50-day simple moving average of C$0.10 and a 200 day simple moving average of C$0.13. The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The company has a market capitalization of C$57.01 million, a PE ratio of -3.12 and a beta of 1.46.

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.