Ascot Resources (TSE:AOT) Trading Down 2.4% - Here's What Happened

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s stock price traded down 2.4% during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. 3,760,432 shares traded hands during trading, an increase of 213% from the average session volume of 1,201,747 shares. The stock had previously closed at C$0.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research report on Wednesday, November 20th. BMO Capital Markets dropped their target price 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.

Ascot Resources Price Performance

The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The company has a market cap of C$99.76 million, a PE ratio of -5.45 and a beta of 1.46. The stock has a 50-day moving average of C$0.16 and a 200-day moving average of C$0.21.

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.