Ascot Resources (TSE:AOT) Stock Price Down 20.7% – Should You Sell?

Shares of Ascot Resources Ltd. (TSE:AOT) 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 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

AOT has been the topic of a number of research analyst reports. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets dropped their price objective on shares of 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 Stock 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 debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The firm has a 50-day moving average price of C$0.18 and a 200 day moving average price of C$0.24.

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.