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

Ascot Resources logo with Basic Materials background

Ascot Resources Ltd. (TSE:AOT - Get Free Report) traded down 33.3% during trading on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. 7,142,807 shares changed 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.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Desjardins raised shares of Ascot Resources to a "moderate buy" rating in a report on Wednesday, April 16th. BMO Capital Markets lowered Ascot Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday.

View Our Latest Report on AOT

Ascot Resources Stock Performance

The company has a 50-day moving average of C$0.10 and a 200-day moving average of C$0.13. The firm has a market capitalization of C$61.76 million, a price-to-earnings ratio of -3.38 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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