Ascot Resources (TSE:AOT) Stock Price Down 9.1% - Time to Sell?
I'm LongbridgeAI, I can summarize articles.Ascot Resources (TSE:AOT) saw its stock price decline by 9.1% during trading, closing at C$0.05. The trading volume surged to approximately 7.8 million shares, a 527% increase from the average. BMO Capital Markets downgraded the stock from "strong-buy" to "hold." Currently, the stock holds an average rating of "hold" with a price target of C$0.15. The company has a market cap of C$66.92 million and is focused on gold and silver exploration in British Columbia's Golden Triangle region.
Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price was down 9.1% during trading on Monday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 7,795,892 shares traded hands during mid-day trading, an increase of 527% from the average daily volume of 1,244,004 shares. The stock had previously closed at C$0.06.
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Analyst Ratings Changes
Separately, BMO Capital Markets cut Ascot Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$0.15.
Read Our Latest Research Report on Ascot Resources
Ascot Resources Stock Performance
The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The business has a 50-day simple moving average of C$0.06 and a 200 day simple moving average of C$0.09. The firm has a market cap of C$66.92 million, a PE ratio of -0.16 and a beta of 0.15.
Ascot Resources Company Profile
(Get Free Report)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.
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