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

Ascot Resources Ltd. (TSE:AOT) was down 20.7% during 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 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

Several research analysts have recently weighed in on the stock. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets cut their price target on shares of 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.

Ascot Resources Trading 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 quick ratio of 1.73 and a current ratio of 0.23. The business has a fifty day moving average price of C$0.18 and a 200 day moving average price of C$0.24.

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.