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

Ascot Resources Ltd. (TSE:AOT) shares were down 20.7% on Saturday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares were traded during trading, an increase of 474% from the average daily volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets reduced their target price on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a report on Tuesday, November 19th.

Ascot Resources Price Performance

The firm 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 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 simple moving average of C$0.18 and a 200 day simple 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.