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

Ascot Resources Ltd. (TSE:AOT) shares dropped 20.7% 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 trading, an increase of 474% from the average daily volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Analyst Ratings Changes

AOT has been the subject of several recent analyst reports. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets cut their price objective on shares of Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a research report on Tuesday, November 19th.

Ascot Resources Price Performance

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 debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The business’s fifty day moving average price is C$0.18 and its 200 day moving average price is 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.