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

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

Analysts Set New Price Targets

AOT has been the subject of a number of research reports. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets reduced their target price on shares of Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a report on Tuesday, November 19th.

Ascot Resources Stock Down 20.7 %

The business’s fifty 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. The firm has a market capitalization of C$109.26 million, a PE 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.