Ascot Resources (TSE:AOT) Stock Price Down 20.7% – Time to Sell?

Ascot Resources Ltd. (TSE:AOT) shares traded down 20.7% on Saturday . The company traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares traded hands during mid-day trading, an increase of 474% from the average session volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AOT shares. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets lowered their price objective on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a research report on Tuesday, November 19th.

Ascot Resources Trading Down 20.7 %

The company has a market cap of C$109.26 million, a price-to-earnings ratio of -5.97 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The business’s fifty day simple moving average is C$0.18 and its two-hundred day simple moving average is C$0.24.

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.