Ascot Resources (TSE:AOT) Shares Down 8.3% – Here’s Why

Ascot Resources Ltd. (TSE:AOT) traded down 8.3% on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. 3,754,472 shares were traded during trading, an increase of 218% from the average session volume of 1,182,482 shares. The stock had previously closed at C$0.06.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. BMO Capital Markets cut shares of Ascot Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 26th. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a research report on Wednesday, April 16th.

Ascot Resources Stock Performance

The firm’s fifty day moving average price is C$0.07 and its 200 day moving average price is C$0.10. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The firm has a market capitalization of C$52.26 million, a PE ratio of -2.86 and a beta of 1.46.

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.