Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s stock price fell 7.9% during mid-day trading on Monday . The company traded as low as C$0.18 and last traded at C$0.18. 598,090 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 1,038,010 shares. The stock had previously closed at C$0.19.
Analysts Set New Price Targets
A number of research firms have weighed in on AOT. Desjardins raised shares of Ascot Resources to a "moderate buy" rating in a research note on Wednesday, November 20th. Raymond James lowered Ascot Resources from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from C$1.00 to C$0.15 in a research note on Tuesday, September 10th. Finally, BMO Capital Markets reduced 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 note on Tuesday, November 19th.
Read Our Latest Stock Report on Ascot Resources
Ascot Resources Stock Performance
The stock has a market capitalization of C$127.15 million, a PE ratio of -18.00 and a beta of 1.46. The company has a current ratio of 0.28, a quick ratio of 1.73 and a debt-to-equity ratio of 15.61. The business's 50-day moving average is C$0.21 and its two-hundred day moving average is C$0.37.
Ascot Resources (TSE:AOT - Get Free Report) last issued its earnings results on Friday, November 8th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$11.99 million during the quarter. Ascot Resources had a negative return on equity of 0.83% and a negative net margin of 125.09%. On average, analysts predict that Ascot Resources Ltd. will post 0.1030303 earnings per share for the current year.
About Ascot Resources
(
Get Free Report)
Ascot Resources Ltd. engages in the exploration, evaluation, and development of mineral properties in the United States and Canada. It explores for gold, silver, copper, porphyry copper, molybdenum, and sand and gravel deposits. The Company's principal property includes two landholdings, including its 100% interests in the Premier Gold Project covering an area of approximately 8,133 hectares; and Red Mountain Project that covers an area of approximately 17,125 hectares located in British Columbia.
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