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

Shares of Ascot Resources Ltd. (TSE:AOT) traded down 20.7% during trading on Friday . The company 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 Analysts Forecast Growth

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

Ascot Resources Stock 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 PE ratio of -5.97 and a beta of 1.46. The business’s 50-day simple moving average is C$0.18 and its 200-day simple moving average is 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.