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

Ascot Resources Ltd. (TSE:AOT) shares dropped 20.7% during mid-day trading on Saturday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares were traded 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.

Analysts Set New Price Targets

AOT has been the subject of several recent analyst reports. BMO Capital Markets dropped their price objective on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a research report on Tuesday, November 19th. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th.

Ascot Resources Trading Down 20.7 %

The business’s 50 day simple moving average is C$0.18 and its two-hundred day simple moving average is C$0.24. The stock has a market cap of C$109.26 million, a P/E 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.

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.