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

Shares of Ascot Resources Ltd. (TSE:AOT) traded down 20.7% on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares changed hands 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 Analyst Weigh In

Several research analysts have recently weighed in on the stock. BMO Capital Markets cut 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 report on Tuesday, November 19th. Desjardins raised shares of 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 firm has a market cap of C$109.26 million, a price-to-earnings ratio of -5.97 and a beta of 1.46. The business’s 50-day moving average price is C$0.18 and its two-hundred day moving average price is C$0.24.

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.