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

Ascot Resources Ltd. (TSE:AOT) was down 33.3% during trading on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 7,142,807 shares were traded 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.

Wall Street Analysts Forecast Growth

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

Ascot Resources Trading Down 33.3%

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

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.