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

Ascot Resources Ltd. (TSE:AOT)’s share price traded down 20.7% during trading on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares were traded 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.

Analyst Upgrades and Downgrades

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

Ascot Resources Trading Down 20.7 %

The firm has a market capitalization of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46. The firm has a 50 day simple moving average of C$0.18 and a 200 day simple moving average of C$0.24. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.

Ascot Resources Company Profile

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.