Ascot Resources (TSE:AOT) Stock Price Down 20.7% – What’s Next?

Ascot Resources Ltd. (TSE:AOT)’s stock price dropped 20.7% on Saturday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares were traded during mid-day trading, an increase of 474% from the average daily volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

AOT has been the subject of a number of research reports. BMO Capital Markets lowered their target price on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a research note on Tuesday, November 19th. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th.

Ascot Resources Trading Down 20.7 %

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

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.