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

Shares of Ascot Resources Ltd. (TSE:AOT) dropped 20.7% on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 5,641,993 shares changed hands during mid-day trading, an increase of 465% from the average daily volume of 998,679 shares. The stock had previously closed at C$0.15.

Wall Street Analyst Weigh In

AOT has been the subject of several research analyst reports. Desjardins raised Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets decreased 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.

Ascot Resources Trading Down 20.7 %

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

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.