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

Ascot Resources Ltd. (TSE:AOT)’s stock price was down 20.7% during mid-day trading on Friday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 5,760,493 shares changed hands during trading, an increase of 470% from the average daily volume of 1,011,139 shares. The stock had previously closed at C$0.15.

Wall Street Analyst Weigh In

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

Ascot Resources Price Performance

The stock’s 50 day moving average is C$0.18 and its two-hundred 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. The stock has a market capitalization of C$109.26 million, a PE 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.