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

Ascot Resources Ltd. (TSE:AOT) traded down 20.7% during mid-day trading on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares traded hands during trading, an increase of 474% from the average session volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets dropped their price target on shares of Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th.

Ascot Resources Price Performance

The company has a market capitalization of C$109.26 million, a P/E ratio of -5.97 and a beta of 1.46. The company’s 50-day moving average price is C$0.18 and its two-hundred day moving average price is C$0.24. 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.