Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price traded up 5.7% on Tuesday . The company traded as high as C$0.19 and last traded at C$0.19. 159,885 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 1,034,411 shares. The stock had previously closed at C$0.18.
Analysts Set New Price Targets
A number of equities research analysts have commented on AOT shares. BMO Capital Markets reduced their target price on 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. Raymond James lowered shares of Ascot Resources from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from C$1.00 to C$0.15 in a research report on Tuesday, September 10th. Finally, Desjardins upgraded shares of Ascot Resources to a "moderate buy" rating in a research report on Wednesday, November 20th.
Read Our Latest Stock Analysis on Ascot Resources
Ascot Resources Stock Performance
The stock's 50-day moving average is C$0.21 and its 200-day moving average is C$0.36. 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 stock has a market cap of C$127.15 million, a price-to-earnings ratio of -18.00 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 company had revenue of C$11.99 million for the quarter. Analysts anticipate that Ascot Resources Ltd. will post 0.1030303 EPS for the current fiscal year.
Ascot Resources Company Profile
(
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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