Shares of Ascot Resources Ltd. (TSE:AOT - Get Free Report) dropped 27.8% during trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.07. Approximately 4,827,050 shares were traded during mid-day trading, an increase of 295% from the average daily volume of 1,223,220 shares. The stock had previously closed at C$0.09.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on AOT shares. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th. BMO Capital Markets cut their price objective on Ascot Resources from C$0.50 to C$0.15 in a research note on Friday, April 11th.
Check Out Our Latest Analysis on Ascot Resources
Ascot Resources Stock Down 33.3%
The stock has a market cap of C$57.01 million, a P/E ratio of -3.12 and a beta of 1.46. 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's fifty day simple moving average is C$0.10 and its 200-day simple moving average is C$0.13.
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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