Ascot Resources (TSE:AOT) Stock Price Down 8.3% - Time to Sell?

Key Points

• Ascot Resources' stock price dropped 8.3% to C$0.06, with trading volume increasing significantly by 218% compared to its average session volume.
• Equities research analysts have a mixed outlook, with Desjardins upgrading to a "moderate buy" while BMO Capital Markets downgraded to a "hold" rating.
• The company, focused on gold and silver exploration, has a market cap of C$52.26 million and a debt-to-equity ratio of 6.67.

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price traded down 8.3% during trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06. 3,754,472 shares traded hands during trading, an increase of 218% from the average session volume of 1,182,482 shares. The stock had previously closed at C$0.06.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered Ascot Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th.

Ascot Resources Stock Performance

The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The business's 50-day moving average price is C$0.07 and its 200-day moving average price is C$0.10. The firm has a market capitalization of C$52.26 million, a PE ratio of -2.86 and a beta of 1.46.

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.