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

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in 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 lowered 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 Trading Down 20.7 %

The firm has a market capitalization of C$109.26 million, a P/E ratio of -5.97 and a beta of 1.46. The business’s 50-day moving average is C$0.18 and its 200 day moving average 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.

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.