Ascot Resources (TSE:AOT) Stock Price Down 8.3% - Here's What Happened

Key Points

• Ascot Resources Ltd. (TSE:AOT) saw its stock price decline by 8.3% to C$0.06 on Wednesday, with trading volume significantly up at 3.75 million shares.
• Recent analyst ratings included a downgrade from BMO Capital Markets to "hold" and a "moderate buy" rating upgrade by Desjardins.
• The company, focused on gold and silver exploration in British Columbia's Golden Triangle, has a market capitalization of C$52.26 million and a high debt-to-equity ratio of 6.67.

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price fell 8.3% on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06. 3,754,472 shares changed hands during mid-day trading, an increase of 218% from the average session volume of 1,182,482 shares. The stock had previously closed at C$0.06.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AOT. Desjardins raised shares of Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th. BMO Capital Markets cut shares of Ascot Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th.

Ascot Resources Stock Down 8.3%

The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The firm has a market cap of C$52.26 million, a P/E ratio of -2.86 and a beta of 1.46. The stock's 50-day simple moving average is C$0.07 and its 200 day simple moving average is C$0.11.

About Ascot Resources

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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