Ascot Resources (TSE:AOT) Stock Price Down 27% - Here's Why

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s stock price was down 27% during trading on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 1,439,736 shares traded hands during mid-day trading, an increase of 196% from the average daily volume of 486,299 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. 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 on the stock in a report on Tuesday, November 19th. Desjardins raised shares of Ascot Resources to a "moderate buy" rating in a report on Wednesday, November 20th.

Ascot Resources Stock Performance

The company has a debt-to-equity ratio of 15.61, a current ratio of 0.28 and a quick ratio of 1.73. The company has a 50 day moving average of C$0.19 and a two-hundred day moving average of C$0.26. The company has a market capitalization of C$113.03 million, a PE ratio of -16.00 and a beta of 1.46.

Ascot Resources (TSE:AOT - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported C($0.02) earnings per share for the quarter. Ascot Resources had a negative return on equity of 0.83% and a negative net margin of 125.09%. The firm had revenue of C$11.99 million during the quarter. As a group, equities research analysts predict that Ascot Resources Ltd. will post 0.1030303 earnings per share for the current year.

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.