Ascot Resources (TSE:AOT) Shares Down 33.3% - Here's Why

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shares traded down 33.3% during mid-day trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06. 7,142,807 shares were traded during trading, an increase of 475% from the average session volume of 1,242,210 shares. The stock had previously closed at C$0.09.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AOT. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research report on Wednesday, April 16th. BMO Capital Markets decreased their price objective on Ascot Resources from C$0.50 to C$0.15 in a report on Friday, April 11th.

Ascot Resources Stock Performance

The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The stock has a fifty day simple moving average of C$0.10 and a 200-day simple moving average of C$0.13. The company has a market capitalization of C$57.01 million, a P/E ratio of -3.12 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.

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