Ascot Resources (TSE:AOT) Shares Down 20.7% – Here’s Why

Ascot Resources Ltd. (TSE:AOT) shares were down 20.7% during trading on Saturday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares changed hands during 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

A number of research analysts have commented on AOT shares. BMO Capital Markets lowered their price target on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a research report on Tuesday, November 19th. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th.

Ascot Resources Trading Down 20.7 %

The firm has a 50 day simple moving average of C$0.18 and a 200 day simple moving average of C$0.24. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The firm has a market capitalization of C$109.26 million, a PE ratio of -5.97 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.