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Ascot Resources (TSE:AOT) Stock Price Down 4.2% - Here's What Happened

Ascot Resources logo with Basic Materials background

Key Points

  • Ascot Resources Ltd. shares fell by 4.2%, trading at C$0.06, with a significant trading volume of over 2.5 million shares, marking a 115% increase from its average daily volume.
  • BMO Capital Markets downgraded Ascot's rating from "strong-buy" to "hold", while Desjardins upgraded it to a "moderate buy."
  • The company has a market capitalization of C$52.26 million and a notable debt-to-equity ratio of 6.67, indicating high leverage in its financial structure.
  • Want stock alerts on Ascot Resources? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price dropped 4.2% during mid-day trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 2,528,278 shares changed hands during trading, an increase of 115% from the average daily volume of 1,174,519 shares. The stock had previously closed at C$0.06.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BMO Capital Markets downgraded Ascot Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a report on Wednesday, April 16th.

Read Our Latest Report on AOT

Ascot Resources Trading Down 8.3%

The business has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.11. 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 capitalization of C$52.26 million, a price-to-earnings ratio of -2.86 and a beta of 1.46.

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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