Shares of Ascot Resources Ltd. (TSE:AOT - Get Free Report) were down 9.1% during mid-day trading on Monday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 1,672,236 shares changed hands during trading, an increase of 88% from the average daily volume of 888,362 shares. The stock had previously closed at C$0.17.
Several brokerages have recently commented on AOT. Raymond James downgraded 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 note on Tuesday, September 10th. Desjardins raised Ascot Resources to a "moderate buy" rating in a research report on Thursday, July 25th. CIBC dropped their price objective on Ascot Resources from C$0.85 to C$0.60 in a research note on Friday, July 5th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a C$1.25 target price on shares of Ascot Resources in a research note on Thursday, July 4th.
Check Out Our Latest Research Report on AOT
The stock has a market cap of C$111.26 million, a PE ratio of -15.50 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. The business has a 50 day moving average price of C$0.36 and a two-hundred day moving average price of C$0.56.
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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