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

Ascot Resources Ltd. (TSE:AOT)’s share price fell 12.5% on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11. 3,456,800 shares traded hands 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 equities analysts have recently issued reports on AOT shares. BMO Capital Markets dropped their price target on shares of Ascot Resources from C$0.50 to C$0.15 in a research note on Friday, April 11th. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, April 16th.

Ascot Resources Trading Down 12.5%

The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The stock has a market capitalization of C$99.76 million, a PE ratio of -5.45 and a beta of 1.46. The stock’s 50 day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.16.

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.