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

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. BMO Capital Markets dropped 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 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 Price Performance

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’s 50 day simple moving average is C$0.18 and its two-hundred day simple moving average is 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.