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

Shares of Ascot Resources Ltd. (TSE:AOT) dropped 20.7% on Friday . The company 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.

Wall Street Analyst Weigh In

AOT has been the topic of a number of research reports. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets decreased their price objective on 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 Stock Performance

The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The firm has a fifty day moving average price of C$0.18 and a 200 day moving average price of C$0.24. The firm has a market cap of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46.

Ascot Resources Company Profile

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.