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

Ascot Resources Ltd. (TSE:AOT) fell 33.3% during trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. 7,142,807 shares traded hands during mid-day trading, an increase of 475% from the average session volume of 1,242,210 shares. The stock had previously closed at C$0.09.

Wall Street Analyst Weigh In

AOT has been the subject of a number of recent research reports. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, April 16th. BMO Capital Markets cut their target price on Ascot Resources from C$0.50 to C$0.15 in a research report on Friday, April 11th.

Ascot Resources Stock Down 33.3%

The firm’s 50 day moving average price is C$0.10 and its two-hundred day moving average price is C$0.13. 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 market capitalization of C$57.01 million, a PE ratio of -3.12 and a beta of 1.46.

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.