Ascot Resources (TSE:AOT) Shares Down 20.7% – Here’s Why

Ascot Resources Ltd. (TSE:AOT) was down 20.7% during trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 5,760,493 shares traded hands during mid-day trading, an increase of 470% from the average daily volume of 1,011,139 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

Several research analysts have commented on AOT shares. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets lowered their price target on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a report on Tuesday, November 19th.

Ascot Resources Trading Down 20.7 %

The company has a market capitalization of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46. 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 stock has a fifty day moving average of C$0.18 and a two-hundred day moving average 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.