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

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on AOT. BMO Capital Markets cut their price target on shares of 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 upgraded shares of Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th.

Ascot Resources Stock 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 stock has a market cap of C$109.26 million, a P/E ratio of -5.97 and a beta of 1.46. The stock has a 50-day simple moving average of C$0.18 and a 200-day simple moving average of C$0.24.

About Ascot Resources

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.