Ascot Resources (TSE:AOT) Trading Down 4.9% – Here’s Why

Ascot Resources Ltd. (TSE:AOT) shares traded down 4.9% on Wednesday . The stock traded as low as C$0.19 and last traded at C$0.20. 703,439 shares traded hands during mid-day trading, an increase of 51% from the average session volume of 465,452 shares. The stock had previously closed at C$0.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AOT shares. BMO Capital Markets decreased their target price on 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. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th.

Ascot Resources Stock Performance

The firm has a market capitalization of C$137.75 million, a P/E ratio of -19.50 and a beta of 1.46. The stock has a fifty day moving average of C$0.20 and a 200-day moving average of C$0.28. The company has a quick ratio of 1.73, a current ratio of 0.28 and a debt-to-equity ratio of 15.61.

Ascot Resources (TSE:AOT) last released its quarterly earnings data on Friday, November 8th. The company reported C($0.02) earnings per share for the quarter. Ascot Resources had a negative return on equity of 0.83% and a negative net margin of 125.09%. The firm had revenue of C$11.99 million for the quarter. On average, research analysts anticipate that Ascot Resources Ltd. will post 0.1030303 EPS for the current year.

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.