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

Ascot Resources Ltd. (TSE:AOT)’s share price dropped 20.7% during mid-day trading on Friday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 5,795,993 shares were traded during trading, an increase of 473% from the average daily volume of 1,011,139 shares. The stock had previously closed at C$0.15.

Wall Street Analyst Weigh In

AOT has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their target price on 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. Desjardins raised 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 quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The company has a market capitalization of C$109.26 million, a P/E ratio of -5.97 and a beta of 1.46. The firm has a 50-day moving average price of C$0.18 and a two-hundred day moving average price of C$0.24.

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.