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

Ascot Resources Ltd. (TSE:AOT) shares 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 traded hands 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.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BMO Capital Markets decreased 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 research note on Tuesday, November 19th. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th.

Ascot Resources Trading Down 20.7 %

The stock’s fifty day moving average price is C$0.18 and its 200 day moving average price is C$0.24. 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 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.