Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price fell 33.3% on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. 7,142,807 shares traded hands during trading, an increase of 475% from the average session volume of 1,242,210 shares. The stock had previously closed at C$0.09.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on AOT. Desjardins upgraded shares of Ascot Resources to a "moderate buy" rating in a research report on Wednesday, April 16th. BMO Capital Markets lowered shares of Ascot Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday.
Check Out Our Latest Report on Ascot Resources
Ascot Resources Stock Performance
The stock has a market capitalization of C$61.76 million, a price-to-earnings ratio of -3.38 and a beta of 1.46. 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 stock's 50-day simple moving average is C$0.10 and its 200 day simple moving average is C$0.13.
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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