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

Ascot Resources Ltd. (TSE:AOT) traded down 20.7% on Saturday . The company 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 Upgrades and Downgrades

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

Ascot Resources Price 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 stock has a market capitalization of C$109.26 million, a price-to-earnings ratio of -5.97 and a beta of 1.46. The stock has a 50-day moving average price of C$0.18 and a 200 day moving average price 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.