Shares of Ascot Resources Ltd. (TSE:AOT - Get Free Report) fell 33.3% during trading on Thursday . The company 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.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on AOT. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research report on Wednesday, April 16th. BMO Capital Markets downgraded Ascot Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday.
Check Out Our Latest Research Report on AOT
Ascot Resources Price 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 cap of C$61.76 million, a P/E ratio of -3.38 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23.
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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