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

Ascot Resources Ltd. (TSE:AOT) dropped 20.7% during mid-day trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares were traded 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.

Analyst Upgrades and Downgrades

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

Ascot Resources Stock Down 20.7 %

The firm has a market cap of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46. The company 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 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.