Shares of Ascot Resources Ltd. (TSE:AOT - Get Free Report) dropped 10% during trading on Thursday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 714,923 shares changed hands during trading, a decline of 46% from the average daily volume of 1,321,033 shares. The stock had previously closed at C$0.05.
Analysts Set New Price Targets
Separately, BMO Capital Markets lowered shares of Ascot Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$0.15.
Get Our Latest Stock Analysis on AOT
Ascot Resources Price Performance
The firm's 50 day moving average price is C$0.06 and its 200-day moving average price is C$0.09. The company has a market cap of C$74.36 million, a P/E ratio of -0.17 and a beta of 0.15. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.
Ascot Resources Company Profile
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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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