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

Ascot Resources Ltd. (TSE:AOT)’s share price was down 20.7% on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares were traded during mid-day trading, an increase of 474% from the average daily volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets lowered their price target on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a report on Tuesday, November 19th.

Ascot Resources Stock Down 20.7 %

The stock has a market capitalization of C$109.26 million, a P/E ratio of -5.97 and a beta of 1.46. The stock’s 50 day simple moving average is C$0.18 and its 200 day simple moving average is C$0.24. 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.