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

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

Analyst Ratings Changes

AOT has been the subject of a number of recent research reports. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets cut their price objective on shares of 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 Down 20.7 %

The stock’s fifty day moving average is C$0.18 and its two-hundred day moving average is C$0.24. 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 company has a market capitalization of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46.

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.