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

Ascot Resources Ltd. (TSE:AOT)’s share price was down 20.7% on Friday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares changed hands 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.

Analyst Upgrades and Downgrades

AOT has been the topic of several research analyst reports. BMO Capital Markets dropped their target price on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a research note on Tuesday, November 19th. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th.

Ascot Resources Stock Down 20.7 %

The firm has a market capitalization of C$109.26 million, a price-to-earnings ratio of -5.97 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The company’s 50 day moving average price is C$0.18 and its 200 day moving average price is C$0.24.

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.