Ascot Resources (TSE:AOT) Stock Price Down 2.4% – Should You Sell?

Shares of Ascot Resources Ltd. (TSE:AOT) traded down 2.4% on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. 3,760,432 shares traded hands during mid-day trading, an increase of 213% from the average session volume of 1,201,747 shares. The stock had previously closed at C$0.11.

Analysts Set New Price Targets

Several research analysts recently issued reports on AOT shares. BMO Capital Markets cut their target price on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th.

Ascot Resources Stock Performance

The company’s 50-day simple moving average is C$0.17 and its 200 day simple moving average is C$0.22. The stock has a market cap of C$99.76 million, a P/E ratio of -5.45 and a beta of 1.46. The company has a current ratio of 0.23, a quick ratio of 1.73 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.