Ascot Resources (TSE:AOT) Stock Price Down 8.3% - Should You Sell?

Key Points

• Ascot Resources Ltd. (TSE:AOT) experienced a significant decline, with its stock price dropping 8.3% to C$0.06, amid increased trading volume of 3,754,472 shares.
• Analysts have mixed opinions: while Desjardins upgraded the stock to "moderate buy," BMO Capital Markets downgraded it from "strong-buy" to "hold."
• The company focuses on gold and silver exploration with key projects including the Premier Gold Project and Red Mountain Project in British Columbia.

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price traded down 8.3% on Thursday . The company 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

A number of equities research analysts have issued reports on the company. Desjardins raised Ascot Resources to a "moderate buy" rating in a research report on Wednesday, April 16th. BMO Capital Markets downgraded Ascot Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th.

Ascot Resources Stock Performance

The firm has a fifty day moving average of C$0.07 and a 200-day moving average of C$0.10. The stock has a market capitalization of C$52.26 million, a price-to-earnings ratio of -2.86 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67.

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.

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