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

Ascot Resources Ltd. (TSE:AOT) fell 20.7% during trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. 5,760,493 shares were traded during mid-day trading, an increase of 470% from the average session volume of 1,011,139 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AOT. BMO Capital Markets cut their price objective 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. Desjardins raised Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th.

Ascot Resources Trading Down 20.7 %

The business has a 50 day moving average of C$0.18 and a two-hundred day moving average of 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. The firm has a market cap of C$109.26 million, a P/E 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.