Ascot Resources (TSE:AOT) Shares Down 20.7% – Should You Sell?

Ascot Resources Ltd. (TSE:AOT)’s share price fell 20.7% on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares were traded during trading, an increase of 474% from the average session volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. BMO Capital Markets decreased their price objective on 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. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th.

Ascot Resources Price Performance

The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The stock has a 50 day moving average price of C$0.18 and a two-hundred day moving average price of C$0.24. The firm has a market capitalization of C$109.26 million, a price-to-earnings 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.