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

Ascot Resources Ltd. (TSE:AOT) shares dropped 20.7% during trading on Friday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 5,795,993 shares traded hands during trading, an increase of 473% from the average daily volume of 1,011,139 shares. The stock had previously closed at C$0.15.

Analyst Ratings Changes

AOT has been the subject of a number of recent analyst reports. 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. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th.

Ascot Resources Price Performance

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

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.