Ascot Resources (TSE:AOT) Stock Price Down 13.8% – Should You Sell?

Ascot Resources Ltd. (TSE:AOT) shares were down 13.8% during mid-day trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.13. Approximately 2,790,309 shares changed hands during mid-day trading, an increase of 204% from the average daily volume of 918,792 shares. The stock had previously closed at C$0.15.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. BMO Capital Markets reduced their price target on shares of 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 upgraded shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th.

Ascot Resources Price Performance

The company has a market cap of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46. The business’s 50 day moving average price is C$0.18 and its 200-day moving average price 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.