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

Ascot Resources Ltd. (TSE:AOT)’s share 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 changed hands during trading, an increase of 474% from the average daily volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Wall Street Analyst Weigh In

AOT has been the topic of a number of recent research reports. BMO Capital Markets cut their price objective 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. Desjardins raised Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th.

Ascot Resources Trading Down 20.7 %

The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The business’s 50 day moving average is C$0.18 and its 200 day moving average is C$0.24. The stock has a market cap of C$109.26 million, a price-to-earnings ratio of -5.97 and a beta of 1.46.

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.