Ascot Resources (TSE:AOT) Trading Down 10.3%

Shares of Ascot Resources Ltd. (TSE:AOTGet Free Report) fell 10.3% during mid-day trading on Thursday . The company traded as low as C$0.70 and last traded at C$0.70. 1,162,737 shares were traded during mid-day trading, an increase of 115% from the average session volume of 540,594 shares. The stock had previously closed at C$0.78.

Analyst Ratings Changes

Several analysts have weighed in on AOT shares. Raymond James raised Ascot Resources from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$0.90 to C$1.00 in a research note on Tuesday, April 23rd. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a report on Friday, May 10th.

Read Our Latest Research Report on AOT

Ascot Resources Trading Down 1.4 %

The company has a quick ratio of 1.73, a current ratio of 0.64 and a debt-to-equity ratio of 7.77. The firm has a market cap of C$430.46 million, a price-to-earnings ratio of -34.50 and a beta of 1.66. The company has a 50-day moving average price of C$0.75 and a 200 day moving average price of C$0.59.

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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