Ascot Resources (TSE:AOT) Stock Price Down 13.8% – What’s Next?

Ascot Resources Ltd. (TSE:AOT)’s stock price dropped 13.8% on Friday . The stock traded as low as C$0.12 and last traded at C$0.13. Approximately 2,790,309 shares changed hands during trading, an increase of 204% from the average daily volume of 918,792 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

AOT has been the subject of several analyst reports. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets reduced 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 Price Performance

The firm has a fifty day moving average of C$0.18 and a 200 day moving average of C$0.24. 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 company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.

Ascot Resources Company Profile

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.