Ascot Resources (TSE:AOT) Stock Price Down 9.1% - Should You Sell?

Key Points

• Ascot Resources Ltd. shares fell by 9.1% on Monday, trading at C$0.05, with a significant increase in volume at 3,499,249 shares traded.
• BMO Capital Markets downgraded Ascot's rating from "strong-buy" to "hold," with an average target price of C$0.15, reflecting cautious market sentiment.
• The company has a high debt-to-equity ratio of 6.67 and operates with a market cap of C$66.92 million, highlighting potential financial instability.

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s stock price traded down 9.1% during trading on Monday . The stock traded as low as C$0.05 and last traded at C$0.05. 3,499,249 shares changed hands during mid-day trading, an increase of 189% from the average session volume of 1,209,358 shares. The stock had previously closed at C$0.06.

Analysts Set New Price Targets

Separately, BMO Capital Markets downgraded shares of Ascot Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$0.15.

Ascot Resources Price Performance

The company's 50-day moving average is C$0.06 and its two-hundred day moving average is C$0.09. 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 firm has a market cap of C$66.92 million, a P/E ratio of -0.16 and a beta of 0.15.

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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