Ascot Resources (TSE:AOT) Stock Price Down 2.7%

Ascot Resources Ltd. (TSE:AOT)’s share price dropped 2.7% during mid-day trading on Wednesday . The stock traded as low as C$0.17 and last traded at C$0.18. Approximately 562,700 shares changed hands during trading, a decline of 35% from the average daily volume of 865,537 shares. The stock had previously closed at C$0.19.

Wall Street Analysts Forecast Growth

AOT has been the subject of several research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a C$1.25 price target on shares of Ascot Resources in a report on Thursday, July 4th. CIBC lowered their price objective on Ascot Resources from C$0.85 to C$0.60 in a research report on Friday, July 5th. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research report on Thursday, July 25th. Finally, Raymond James cut Ascot Resources from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$1.00 to C$0.15 in a research report on Tuesday, September 10th.

Ascot Resources Stock Down 11.1 %

The firm has a 50 day moving average of C$0.42 and a two-hundred day moving average of C$0.60. The firm has a market capitalization of C$113.03 million, a price-to-earnings ratio of -16.00 and a beta of 1.59. The company has a quick ratio of 1.73, a current ratio of 0.28 and a debt-to-equity ratio of 15.61.

Ascot Resources Company Profile

Ascot Resources Ltd. engages in the exploration, evaluation, and development of mineral properties in the United States and Canada. It explores for gold, silver, copper, porphyry copper, molybdenum, and sand and gravel deposits. The Company's principal property includes two landholdings, including its 100% interests in the Premier Gold Project covering an area of approximately 8,133 hectares; and Red Mountain Project that covers an area of approximately 17,125 hectares located in British Columbia.