Ascot Resources (TSE:AOT) Trading Down 20.7% – Here’s What Happened

Ascot Resources Ltd. (TSE:AOT) shares traded down 20.7% during trading on Saturday . The company traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares traded hands during trading, an increase of 474% from the average session volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets dropped their price target on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th.

Ascot Resources Trading Down 20.7 %

The firm has a market cap of C$109.26 million, a P/E ratio of -5.97 and a beta of 1.46. The company has a 50 day moving average of C$0.18 and a 200 day moving average of C$0.24. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23.

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.