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

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th.

Ascot Resources Price Performance

The stock has a market capitalization of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The stock’s 50-day moving average is C$0.18 and its 200 day moving average is C$0.24.

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.