Ascot Resources (TSE:AOT) Shares Down 12.5% – Should You Sell?

Ascot Resources Ltd. (TSE:AOT) traded down 12.5% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11. 3,456,800 shares changed hands during mid-day trading, an increase of 173% from the average session volume of 1,264,597 shares. The stock had previously closed at C$0.12.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AOT shares. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, April 16th. BMO Capital Markets lowered their price objective on shares of Ascot Resources from C$0.50 to C$0.15 in a research note on Friday, April 11th.

Ascot Resources Stock Down 12.5%

The firm has a market cap of C$99.76 million, a P/E ratio of -5.45 and a beta of 1.46. The stock’s 50 day simple moving average is C$0.12 and its 200 day simple moving average is C$0.16. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23.

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.