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

Ascot Resources Ltd. (TSE:AOT)’s share price dropped 20.7% during trading on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares were traded 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.

Analysts Set New Price Targets

Several research firms have recently issued reports on AOT. Desjardins raised Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets reduced 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.

Ascot Resources Trading Down 20.7 %

The firm has a fifty day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.24. The firm has a market capitalization 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.

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.