Ascot Resources (TSE:AOT) Trading Down 33.3% - Should You Sell?

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AOT shares. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research report on Wednesday, April 16th. BMO Capital Markets lowered Ascot Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday.

Ascot Resources Stock Performance

The firm has a market capitalization of C$61.76 million, a price-to-earnings ratio of -3.38 and a beta of 1.46. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The company has a fifty day moving average price of C$0.10 and a 200-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.