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

Ascot Resources Ltd. (TSE:AOT) traded down 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 analysts have recently commented on the company. BMO Capital Markets dropped their price target on 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 Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th.

Ascot Resources Price Performance

The business has a fifty day moving average of C$0.18 and a 200-day moving average of C$0.24. The firm has a market cap of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46. 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.