Ascot Resources (TSE:AOT) Trading Down 12.5% - What's Next?

Ascot Resources Ltd. (TSE:AOT - Get Free Report) traded down 12.5% on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11. 3,456,800 shares were traded during trading, an increase of 173% from the average session volume of 1,264,597 shares. The stock had previously closed at C$0.12.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BMO Capital Markets decreased their price objective on Ascot Resources from C$0.50 to C$0.15 in a research note on Friday, April 11th. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th.

Ascot Resources Stock Performance

The business has a 50 day simple moving average of C$0.12 and a 200 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. The company has a market capitalization of C$99.76 million, a PE ratio of -5.45 and a beta of 1.46.

Ascot Resources Company Profile

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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