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

Ascot Resources Ltd. (TSE:AOT)’s stock price traded down 20.7% during mid-day trading on Friday . The company traded as low as C$0.12 and last traded at C$0.12. 5,760,493 shares were traded during trading, an increase of 470% from the average session volume of 1,011,139 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AOT. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets reduced 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.

Ascot Resources Stock Down 20.7 %

The business has a 50-day moving average price of C$0.18 and a 200-day moving average price of C$0.24. The company has a market capitalization of C$109.26 million, a price-to-earnings ratio of -5.97 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67.

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.