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

Ascot Resources logo with Basic Materials background

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s stock price was down 33.3% during trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 7,142,807 shares were traded during mid-day trading, an increase of 475% from the average daily volume of 1,242,210 shares. The stock had previously closed at C$0.09.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AOT shares. Desjardins raised shares of Ascot Resources to a "moderate buy" rating in a research report on Wednesday, April 16th. BMO Capital Markets downgraded shares of Ascot Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday.

View Our Latest Analysis on Ascot Resources

Ascot Resources Stock Performance

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 firm has a market cap of C$61.76 million, a P/E ratio of -3.38 and a beta of 1.46. The business'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

(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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