Ascot Resources (TSE:AOT) Stock Price Down 12.5% - Here's Why

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

Wall Street Analyst Weigh In

AOT has been the topic of a number of recent analyst reports. Desjardins upgraded shares of Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th. BMO Capital Markets cut their price objective on Ascot Resources from C$0.50 to C$0.15 in a research note on Friday, April 11th.

Ascot Resources Price Performance

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 company's 50 day moving average price is C$0.12 and its 200-day moving average price is C$0.16. The company has a market cap of C$80.76 million, a price-to-earnings ratio of -4.41 and a beta of 1.46.

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.