Ascot Resources (TSE:AOT) Shares Down 27.8% - Time to Sell?

Ascot Resources Ltd. (TSE:AOT - Get Free Report) traded down 27.8% during trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.07. 4,827,050 shares changed hands during trading, an increase of 295% from the average session volume of 1,223,220 shares. The stock had previously closed at C$0.09.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets lowered Ascot Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday. Desjardins raised Ascot Resources to a "moderate buy" rating in a report on Wednesday, April 16th.

Ascot Resources Stock Performance

The firm has a market cap of C$61.76 million, a PE ratio of -3.38 and a beta of 1.46. The company has a 50 day simple moving average of C$0.10 and a 200-day simple moving average of C$0.13. 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.