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

Shares of Ascot Resources Ltd. (TSE:AOT) fell 20.7% on Saturday . The company 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.

Analyst Ratings Changes

Several brokerages have recently weighed in on AOT. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets dropped 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 note on Tuesday, November 19th.

Ascot Resources Stock Performance

The firm has a fifty day moving average price of C$0.18 and a 200 day moving average price of C$0.24. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23. The stock has a market cap of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46.

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.