Ascot Resources (TSE:AOT) Stock Price Down 6.9% – What’s Next?

Ascot Resources Ltd. (TSE:AOT)’s stock price was down 6.9% on Friday . The stock traded as low as C$0.13 and last traded at C$0.14. Approximately 852,519 shares changed hands during mid-day trading, a decline of 0% from the average daily volume of 852,598 shares. The stock had previously closed at C$0.15.

Analyst Ratings Changes

Several research firms recently issued reports on AOT. BMO Capital Markets cut 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 report on Tuesday, November 19th. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th.

Ascot Resources Stock Down 10.3 %

The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23. The company has a market capitalization of C$123.51 million, a PE ratio of -6.75 and a beta of 1.46. The firm’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.