Ascot Resources (TSE:AOT) Trading Down 33.3% - Here's What Happened

Shares of Ascot Resources Ltd. (TSE:AOT - Get Free Report) were down 33.3% on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 7,142,807 shares were traded during 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

Several research analysts recently weighed in on AOT shares. Desjardins raised Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th. BMO Capital Markets cut Ascot Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday.

Ascot Resources Price Performance

The company has a 50 day moving average of C$0.10 and a two-hundred day moving average of C$0.13. The firm has a market cap of C$61.76 million, a P/E 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.

About Ascot Resources

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.