Ascot Resources (TSE:AOT) Trading Down 20.7% – Here’s What Happened

Shares of Ascot Resources Ltd. (TSE:AOT) fell 20.7% during trading on Saturday . The company traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares were traded during trading, an increase of 474% from the average session 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 commented on AOT. BMO Capital Markets reduced their price objective 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. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th.

Ascot Resources Stock Performance

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