Ascot Resources (TSE:AOT) Stock Price Down 13.8% – Should You Sell?

Ascot Resources Ltd. (TSE:AOT) shares traded down 13.8% during mid-day trading on Friday . The company traded as low as C$0.12 and last traded at C$0.13. 2,790,309 shares changed hands during mid-day trading, an increase of 204% from the average session volume of 918,792 shares. The stock had previously closed at C$0.15.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets cut their price target 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 Price Performance

The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23. The company’s fifty day simple moving average is C$0.18 and its two-hundred day simple moving average is C$0.24. The stock 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.