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

Ascot Resources Ltd. (TSE:AOT)’s share price was down 20.7% during mid-day 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.

Analyst Ratings Changes

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

Ascot Resources Price Performance

The firm has a market cap of C$109.26 million, a price-to-earnings ratio of -5.97 and a beta of 1.46. The business’s 50-day simple moving average is C$0.18 and its two-hundred day simple 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.

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.