Ascot Resources (TSE:AOT) Shares Down 33.3% – Here’s Why

Ascot Resources Ltd. (TSE:AOT) shares dropped 33.3% during mid-day trading 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

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

Ascot Resources Trading Down 33.3%

The firm has a market cap of C$57.01 million, a PE ratio of -3.12 and a beta of 1.46. 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 company has a 50 day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.13.

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.