Ascot Resources (TSE:AOT) Shares Down 6.9% – Time to Sell?

Shares of Ascot Resources Ltd. (TSE:AOT) dropped 6.9% during trading on Friday . The company traded as low as C$0.13 and last traded at C$0.14. Approximately 852,519 shares changed hands during trading, a decline of 0% from the average daily volume of 852,598 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

AOT has been the subject of several analyst reports. 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 report on Tuesday, November 19th. Desjardins raised Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th.

Ascot Resources Trading Down 10.3 %

The business’s 50-day moving average is C$0.18 and its two-hundred day moving average is C$0.24. The stock has a market capitalization of C$123.51 million, a PE ratio of -6.75 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67.

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.