Ascot Resources (TSE:AOT) Stock Price Down 20.7% – What’s Next?

Ascot Resources Ltd. (TSE:AOT) shares fell 20.7% during trading on Friday . The company traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares were traded during trading, an increase of 474% from the average session volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Analyst Ratings Changes

A number of analysts recently commented on AOT shares. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets lowered their price target on shares of Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a report on Tuesday, November 19th.

Ascot Resources Stock Performance

The company’s fifty day moving average price is C$0.18 and its two-hundred day moving average price is C$0.24. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23. The firm has a market capitalization of C$109.26 million, a PE ratio of -5.97 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.