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

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

Several equities analysts have recently weighed in on AOT shares. 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 raised Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th.

Ascot Resources Price Performance

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 company 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 moving average of C$0.18 and a 200 day moving average 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.