Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price traded down 33.3% on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06. 7,142,807 shares traded hands during mid-day trading, an increase of 475% from the average session volume of 1,242,210 shares. The stock had previously closed at C$0.09.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on AOT shares. BMO Capital Markets cut their price objective on shares of Ascot Resources from C$0.50 to C$0.15 in a research report on Friday, April 11th. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a report on Wednesday, April 16th.
Read Our Latest Stock Analysis on AOT
Ascot Resources Stock Performance
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 stock has a 50-day moving average price of C$0.10 and a 200-day moving average price of C$0.13. The company has a market capitalization of C$57.01 million, a price-to-earnings ratio of -3.12 and a beta of 1.46.
Ascot Resources Company Profile
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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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