Ascot Resources (TSE:AOT) Trading Down 17.2% – Should You Sell?

Ascot Resources Ltd. (TSE:AOT)’s share price was down 17.2% during trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 4,753,586 shares changed hands during mid-day trading, an increase of 389% from the average daily volume of 971,762 shares. The stock had previously closed at C$0.15.

Analysts Set New Price Targets

Several equities analysts have recently commented on AOT shares. BMO Capital Markets lowered their price objective 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. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th.

Ascot Resources Stock Down 20.7 %

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 company has a market capitalization of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46. The business has a 50-day moving average of C$0.18 and a 200 day 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.