Ascot Resources (TSE:AOT) Trading Down 20.7% – What’s Next?

Ascot Resources Ltd. (TSE:AOT)’s stock price traded down 20.7% on Friday . The stock 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.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Desjardins raised Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets dropped their price objective on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a report on Tuesday, November 19th.

Ascot Resources Trading Down 20.7 %

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

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.