Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price dropped 33.3% during trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 7,142,807 shares traded hands during mid-day trading, an increase of 475% from the average daily volume of 1,242,210 shares. The stock had previously closed at C$0.09.
Analysts Set New Price Targets
AOT has been the topic of a number of research reports. BMO Capital Markets downgraded Ascot Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a report on Wednesday, April 16th.
Check Out Our Latest Analysis on AOT
Ascot Resources Stock Performance
The business has a fifty day moving average price of C$0.10 and a 200 day moving average price of C$0.13. The company has a market capitalization of C$61.76 million, a PE ratio of -3.38 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23.
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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