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

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shares fell 33.3% 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 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

Several research firms recently weighed in on AOT. BMO Capital Markets lowered shares of Ascot Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Desjardins upgraded shares of Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th.

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 market cap of C$61.76 million, a price-to-earnings ratio of -3.38 and a beta of 1.46. The company's 50-day simple moving average is C$0.10 and its 200-day simple moving average is C$0.13.

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.