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

Ascot Resources Ltd. (TSE:AOT)’s stock price traded down 20.7% during trading 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 mid-day trading, an increase of 474% from the average session volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BMO Capital Markets decreased 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 Trading Down 20.7 %

The firm’s 50-day moving average is C$0.18 and its 200-day moving average is C$0.24. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. 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.

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.