Ascot Resources (TSE:AOT) Shares Down 33.3% – Should You Sell?

Ascot Resources Ltd. (TSE:AOT)’s stock price fell 33.3% during mid-day trading on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. 7,142,807 shares traded hands during mid-day trading, an increase of 475% from the average session volume of 1,242,210 shares. The stock had previously closed at C$0.09.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Desjardins raised Ascot Resources to a “moderate buy” rating in a report on Wednesday, April 16th. BMO Capital Markets reduced their price objective on Ascot Resources from C$0.50 to C$0.15 in a report on Friday, April 11th.

Ascot Resources Stock Performance

The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The company has a market capitalization of C$57.01 million, a price-to-earnings ratio of -3.12 and a beta of 1.46. The stock has a fifty day moving average price of C$0.10 and a two-hundred day moving average price of C$0.13.

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.