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

Ascot Resources Ltd. (TSE:AOT) shares fell 20.7% during mid-day trading on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares traded hands during 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 Analyst Weigh In

Several research firms recently issued reports on AOT. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets cut their price objective on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th.

Ascot Resources Trading Down 20.7 %

The stock has a 50 day moving average price of C$0.18 and a 200 day moving average price of C$0.24. The company has a market cap of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46. 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.