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

Shares of Ascot Resources Ltd. (TSE:AOT) were down 20.7% on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares changed hands during mid-day 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

A number of research firms have recently weighed in on AOT. Desjardins raised Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets dropped their price target on shares of 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 Trading 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 firm has a fifty day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.24. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.

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.