Ascot Resources (TSE:AOT) Trading Down 12.5% – Should You Sell?

Ascot Resources Ltd. (TSE:AOT) was down 12.5% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11. Approximately 3,456,800 shares were traded during trading, an increase of 173% from the average daily volume of 1,264,597 shares. The stock had previously closed at C$0.12.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AOT shares. Desjardins raised Ascot Resources to a “moderate buy” rating in a report on Wednesday, April 16th. BMO Capital Markets dropped their price target on Ascot Resources from C$0.50 to C$0.15 in a research note on Friday, April 11th.

Ascot Resources Trading Down 12.5%

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 company has a 50-day moving average price of C$0.12 and a two-hundred day moving average price of C$0.16. The stock has a market cap of C$99.76 million, a P/E ratio of -5.45 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.