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

Key Points

• Ascot Resources Ltd. (TSE:AOT) shares fell by 8.3%, trading at C$0.06 during mid-day trading, with a significant increase in trading volume.
• Analysts have mixed opinions, with Desjardins upgrading the stock to a "moderate buy", while BMO Capital Markets downgraded it from a "strong-buy" to a "hold" rating.
• The company's debt-to-equity ratio is 6.67, indicating a high level of debt, and it has a market cap of C$52.26 million with a negative price-to-earnings ratio.

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shares fell 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 changed hands during trading, an increase of 218% from the average session volume of 1,182,482 shares. The stock had previously closed at C$0.06.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Desjardins raised shares of Ascot Resources to a "moderate buy" rating in a report on Wednesday, April 16th. BMO Capital Markets lowered shares of Ascot Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th.

Ascot Resources Stock Performance

The firm's 50-day moving average price is C$0.07 and its two-hundred day moving average price is 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 stock has a market cap of C$52.26 million, a price-to-earnings ratio of -2.86 and a beta of 1.46.

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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