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

Ascot Resources Ltd. (TSE:AOT) shares were down 33.3% during mid-day trading on Thursday . The stock 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 Ratings Changes

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

Ascot Resources Stock Performance

The stock has a fifty day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.13. 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$57.01 million, a price-to-earnings ratio of -3.12 and a beta of 1.46.

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.