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

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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.
  • Interested in Ascot Resources? Here are five stocks we like better.

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s stock price traded down 8.3% during mid-day trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06. 3,754,472 shares traded 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.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lowered Ascot Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th.

Check Out Our Latest Research Report on AOT

Ascot Resources Price Performance

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. 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 firm has a 50 day moving average price of C$0.07 and a two-hundred day moving average price of C$0.10.

About Ascot Resources

(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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