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

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shares traded down 33.3% on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06. 7,142,807 shares traded 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 research firms recently issued reports on AOT. Desjardins raised Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th. BMO Capital Markets lowered Ascot Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday.

Ascot Resources Stock Performance

The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The business has a 50 day moving average of C$0.10 and a 200-day moving average of C$0.13. The stock has a market cap of C$61.76 million, a PE ratio of -3.38 and a beta of 1.46.

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.