Shares of Ascot Resources Ltd. (TSE:AOT - Get Free Report) dropped 12.5% on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11. Approximately 3,456,800 shares were traded during mid-day trading, an increase of 173% from the average daily volume of 1,264,597 shares. The stock had previously closed at C$0.12.
Wall Street Analysts Forecast Growth
AOT has been the topic of several research analyst reports. BMO Capital Markets cut their price objective on Ascot Resources from C$0.50 to C$0.15 in a research report on Friday, April 11th. Desjardins raised Ascot Resources to a "moderate buy" rating in a research report on Wednesday, April 16th.
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Ascot Resources Stock Performance
The firm has a market cap of C$76.01 million, a PE ratio of -4.15 and a beta of 1.46. The company has a 50-day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.16. The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67.
About Ascot Resources
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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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