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

Shares of Ascot Resources Ltd. (TSE:AOT) were down 20.7% during mid-day trading on Saturday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares traded 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AOT shares. BMO Capital Markets dropped their price target 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 report on Wednesday, November 20th.

Ascot Resources Stock Down 20.7 %

The company has a market capitalization of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The company has a 50-day moving average of C$0.18 and a two-hundred day moving average of 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.