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

Ascot Resources Ltd. (TSE:AOT) 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 were traded 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

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

Ascot Resources Stock Performance

The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. 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 company 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.