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

Ascot Resources Ltd. (TSE:AOT)’s stock price traded down 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 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.

Analysts Set New Price Targets

A number of research firms recently weighed in on AOT. BMO Capital Markets decreased their target price 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. Desjardins raised Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th.

Ascot Resources Trading Down 20.7 %

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