Ascot Resources (TSE:AOT) Trading Down 8.3% - Here's What Happened

Key Points

• Ascot Resources Ltd. (TSE:AOT) saw its stock price decline by 8.3%, trading as low as C$0.06, with a significant trading volume increase of 218% from its average daily volume.
• Analysts have mixed views on the stock, with Desjardins upgrading it to a "moderate buy" rating, while BMO Capital Markets downgraded it from a "strong-buy" to a "hold" rating.
• Ascot Resources, focused on gold and silver exploration in British Columbia's Golden Triangle region, has a market cap of C$52.26 million and a high debt-to-equity ratio of 6.67.

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s stock price dropped 8.3% during mid-day trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 3,754,472 shares changed hands during trading, an increase of 218% from the average daily volume of 1,182,107 shares. The stock had previously closed at C$0.06.

Analysts Set New Price Targets

A number of equities research analysts have 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 downgraded Ascot Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th.

Ascot Resources Trading Down 8.3%

The company has a market cap of C$52.26 million, a P/E ratio of -2.86 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 business has a 50-day moving average price of C$0.07 and a two-hundred day moving average price of C$0.11.

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.

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