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

Ascot Resources Ltd. (TSE:AOT)’s stock price fell 20.7% during mid-day trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares were traded during trading, an increase of 474% from the average session volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Analyst Ratings Changes

AOT has been the topic of a number of analyst reports. Desjardins raised Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets dropped their price objective 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 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 company has a market capitalization of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46. The firm’s 50-day simple moving average is C$0.18 and its 200-day simple moving average is 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.