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

Shares of Ascot Resources Ltd. (TSE:AOT) were down 20.7% during trading on Saturday . 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.

Analysts Set New Price Targets

Several analysts have recently commented on AOT shares. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets dropped their price objective on shares of 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’s fifty day moving average price is C$0.18 and its 200 day moving average price is C$0.24. The firm has a market capitalization of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.

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.