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

Shares of Ascot Resources Ltd. (TSE:AOT) fell 20.7% on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares traded hands during mid-day trading, an increase of 474% from the average session volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. BMO Capital Markets decreased their target price 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 upgraded shares of Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th.

Ascot Resources Stock Performance

The company has a fifty day moving average price of C$0.18 and a two-hundred day moving average price of C$0.24. 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 company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73.

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.