Ascot Resources (TSE:AOT) Trading Down 12.5% – What’s Next?

Ascot Resources Ltd. (TSE:AOT)’s stock price traded down 12.5% during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11. 3,456,800 shares were traded during mid-day trading, an increase of 173% from the average session volume of 1,264,597 shares. The stock had previously closed at C$0.12.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research note on Wednesday, April 16th. BMO Capital Markets reduced their price objective on Ascot Resources from C$0.50 to C$0.15 in a research note on Friday, April 11th.

Ascot Resources Stock Performance

The stock has a market capitalization of C$99.76 million, a PE ratio of -5.45 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 firm has a 50 day moving average price of C$0.12 and a 200-day moving average price of C$0.16.

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.