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

Ascot Resources Ltd. (TSE:AOT) shares 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 5,826,493 shares traded hands during trading, an increase of 474% from the average daily volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AOT shares. BMO Capital Markets cut their price objective on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a research note on Tuesday, November 19th. Desjardins upgraded shares of 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 stock’s 50-day simple moving average is C$0.18 and its 200 day simple moving average is C$0.24. The firm has a market cap of C$109.26 million, a P/E ratio of -5.97 and a beta of 1.46.

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.