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

Shares of Ascot Resources Ltd. (TSE:AOT) fell 20.7% during trading on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares changed 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 Analysts Forecast Growth

Several brokerages recently commented on AOT. Desjardins raised Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th. 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.

Ascot Resources Stock Performance

The company has a market capitalization of C$109.26 million, a P/E ratio of -5.97 and a beta of 1.46. The stock has a fifty day simple moving average of C$0.18 and a 200-day simple moving average of C$0.24. The company has a quick ratio of 1.73, a current ratio of 0.23 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.