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Ascot Resources (TSE:AOT) Trading Down 12.5% - What's Next?

Ascot Resources logo with Basic Materials background

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price fell 12.5% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11. 3,456,800 shares traded hands during trading, an increase of 173% from the average session volume of 1,264,597 shares. The stock had previously closed at C$0.12.

Analyst Ratings Changes

Several brokerages have commented on AOT. BMO Capital Markets cut their price objective on Ascot Resources from C$0.50 to C$0.15 in a research report on Friday, April 11th. Desjardins raised Ascot Resources to a "moderate buy" rating in a report on Wednesday, April 16th.

View Our Latest Analysis on Ascot Resources

Ascot Resources Stock Performance

The business's fifty day simple moving average is C$0.12 and its 200-day simple moving average is C$0.16. The firm has a market cap of C$76.01 million, a P/E ratio of -4.15 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.

About Ascot Resources

(Get Free Report)

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.

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