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

Ascot Resources Ltd. (TSE:AOT)’s share price fell 12.5% during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11. 3,456,800 shares traded hands during trading, an increase of 173% from the average session volume of 1,264,597 shares. The stock had previously closed at C$0.12.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AOT. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research report on Wednesday, April 16th. BMO Capital Markets lowered their price objective on shares of Ascot Resources from C$0.50 to C$0.15 in a research report on Friday, April 11th.

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 has a market capitalization of C$99.76 million, a PE ratio of -5.45 and a beta of 1.46. The company’s 50-day simple moving average is C$0.12 and its 200-day simple moving average is C$0.16.

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.