Ascot Resources (TSE:AOT) Stock Price Down 13.8% – What’s Next?

Shares of Ascot Resources Ltd. (TSE:AOT) were down 13.8% during trading on Friday . The company traded as low as C$0.12 and last traded at C$0.13. Approximately 2,790,309 shares changed hands during mid-day trading, an increase of 204% from the average daily volume of 918,792 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AOT shares. Desjardins raised Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets lowered their price objective 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 Price Performance

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

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.