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

by · The Cerbat Gem

Ascot Resources Ltd. (TSE:AOT – Get Free Report) shares were down 20.7% during trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 5,826,493 shares traded hands 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.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AOT shares. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets decreased their target price on shares of 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.

Read Our Latest Stock Analysis on AOT

Ascot Resources Stock Down 20.7 %

The stock has a market cap of C$109.26 million, a PE ratio of -5.97 and a beta of 1.46. The business has a 50 day moving average price of C$0.18 and a 200 day moving average price of C$0.24. The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67.

About Ascot Resources

(Get Free Report)

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.

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