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

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shares fell 27.8% during mid-day trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.07. 3,657,644 shares traded hands during trading, an increase of 205% from the average session volume of 1,200,001 shares. The stock had previously closed at C$0.09.

Analyst Upgrades and Downgrades

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

Ascot Resources Stock Performance

The firm's fifty day moving average price is C$0.10 and its 200 day moving average price is C$0.13. The firm has a market cap of C$61.76 million, a P/E ratio of -3.38 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23.

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.