Ascot Resources (TSE:AOT) Trading Down 20.7% – Time to Sell?

Ascot Resources Ltd. (TSE:AOT) traded down 20.7% on Saturday . The stock 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 Ratings Changes

A number of brokerages have issued reports on AOT. BMO Capital Markets lowered their target price on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a report on Tuesday, November 19th. Desjardins raised Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th.

Ascot Resources Trading Down 20.7 %

The company has a market cap of C$109.26 million, a P/E ratio of -5.97 and a beta of 1.46. The firm’s 50 day moving average is C$0.18 and its two-hundred day moving average is C$0.24. The company has a quick ratio of 1.73, a current ratio of 0.23 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.