Ascot Resources (TSE:AOT) Stock Price Down 2.4% – Time to Sell?

Ascot Resources Ltd. (TSE:AOT) dropped 2.4% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 3,760,432 shares traded hands during trading, an increase of 213% from the average daily volume of 1,201,747 shares. The stock had previously closed at C$0.11.

Analyst Ratings Changes

AOT has been the topic of several recent analyst reports. BMO Capital Markets dropped their price target 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 Price Performance

The business has a 50-day moving average of C$0.17 and a 200 day moving average of C$0.22. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The firm has a market capitalization of C$99.76 million, a P/E ratio of -5.45 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.