Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price fell 33.3% during trading on Wednesday . 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 analysts recently commented on the company. Desjardins raised Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th. BMO Capital Markets cut shares of Ascot Resources from an "outperform" rating to a "market perform" rating in a research report on Thursday.
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Ascot Resources Stock Up 8.3%
The firm's 50-day moving average is C$0.10 and its two-hundred day moving average is C$0.13. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23. The stock has a market cap of C$61.76 million, a P/E ratio of -3.38 and a beta of 1.46.
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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