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

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price was down 33.3% on Thursday . The stock 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.

Analyst Ratings Changes

Several brokerages have issued reports on AOT. BMO Capital Markets cut their price objective on shares of Ascot Resources from C$0.50 to C$0.15 in a research report on Friday, April 11th. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th.

Ascot Resources Stock Down 33.3%

The stock's fifty day simple moving average is C$0.10 and its 200-day simple moving average is C$0.13. The stock has a market cap of C$57.01 million, a P/E ratio of -3.12 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.

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