Ascot Resources (TSE:AOT) Trading Down 2.4% – Should You Sell?

Ascot Resources Ltd. (TSE:AOT) shares traded down 2.4% during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. 3,760,432 shares changed hands during mid-day trading, an increase of 213% from the average session volume of 1,201,747 shares. The stock had previously closed at C$0.11.

Wall Street Analyst Weigh In

AOT has been the subject of several recent analyst reports. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets decreased their price target on 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 Price Performance

The firm’s 50-day simple moving average is C$0.17 and its two-hundred day simple moving average is C$0.22. The company has a market capitalization of C$99.76 million, a price-to-earnings ratio of -5.45 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73.

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.