Ascot Resources Ltd. (TSE:AOT - Get Free Report) fell 9.1% during trading on Monday . The stock traded as low as C$0.15 and last traded at C$0.15. 1,672,236 shares traded hands during trading, an increase of 88% from the average session volume of 888,362 shares. The stock had previously closed at C$0.17.
Wall Street Analyst Weigh In
AOT has been the subject of several recent analyst reports. CIBC lowered their target price on shares of Ascot Resources from C$0.85 to C$0.60 in a research note on Friday, July 5th. Raymond James cut Ascot Resources from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from C$1.00 to C$0.15 in a research report on Tuesday, September 10th. BMO Capital Markets reaffirmed an "outperform" rating and set a C$1.25 target price on shares of Ascot Resources in a research report on Thursday, July 4th. Finally, Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research note on Thursday, July 25th.
Get Our Latest Stock Analysis on Ascot Resources
Ascot Resources Price Performance
The stock's 50 day simple moving average is C$0.36 and its 200-day simple moving average is C$0.56. The firm has a market cap of C$113.03 million, a price-to-earnings ratio of -16.00 and a beta of 1.46. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.73 and a current ratio of 0.28.
About Ascot Resources
(
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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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