Ascot Resources (TSE:AOT) Trading Down 12.5% – Here’s Why

Ascot Resources Ltd. (TSE:AOT)’s stock price dropped 12.5% on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11. Approximately 3,456,800 shares were traded during mid-day trading, an increase of 173% from the average daily volume of 1,264,597 shares. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

AOT has been the topic of several recent analyst reports. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a report on Wednesday, April 16th. BMO Capital Markets cut their price target on shares of Ascot Resources from C$0.50 to C$0.15 in a report on Friday, April 11th.

Ascot Resources Stock Down 12.5%

The company’s fifty day moving average is C$0.12 and its 200-day moving average is C$0.16. The company has a market capitalization of C$99.76 million, a PE ratio of -5.45 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23.

Ascot Resources Company Profile

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.