Ascot Resources (TSE:AOT) Shares Down 20.7% – Time to Sell?

Ascot Resources Ltd. (TSE:AOT) shares dropped 20.7% on Friday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 5,795,993 shares traded hands during mid-day trading, an increase of 473% from the average daily volume of 1,011,139 shares. The stock had previously closed at C$0.15.

Analysts Set New Price Targets

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

Ascot Resources Stock Down 20.7 %

The business has a fifty day moving average of C$0.18 and a 200 day moving average of C$0.24. The stock has a market cap of C$109.26 million, a price-to-earnings ratio of -5.97 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73.

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.