Ascot Resources (TSE:AOT) Stock Price Down 33.3% - Time to Sell?

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

Analysts Set New Price Targets

A number of research firms have commented on AOT. Desjardins raised shares of Ascot Resources to a "moderate buy" rating in a report on Wednesday, April 16th. BMO Capital Markets reduced their price target on Ascot Resources from C$0.50 to C$0.15 in a research report on Friday, April 11th.

Ascot Resources Trading Down 33.3%

The company has a market capitalization of C$57.01 million, a P/E ratio of -3.12 and a beta of 1.46. The business has a 50 day moving average price of C$0.10 and a 200 day moving average price of C$0.13. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.

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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