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

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AOT. Desjardins raised Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets reduced 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 Stock Down 20.7 %

The firm has a 50-day moving average of C$0.18 and a 200 day moving average of C$0.24. The stock has a market capitalization of C$109.26 million, a price-to-earnings 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.

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.