Ascot Resources (TSE:AOT) Shares Down 12.5% – Here’s Why

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AOT shares. BMO Capital Markets reduced their target price on shares of Ascot Resources from C$0.50 to C$0.15 in a report on Friday, April 11th. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a report on Wednesday, April 16th.

Ascot Resources Stock Performance

The firm’s 50-day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.16. The stock has a market capitalization of C$80.76 million, a PE ratio of -4.41 and a beta of 1.46. The company has a current ratio of 0.23, a quick ratio of 1.73 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.