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

Key Points

• Ascot Resources Ltd. (TSE:AOT) experienced a significant stock decline of 9.1% on Monday, trading at C$0.05.
• BMO Capital Markets downgraded the company's rating from strong-buy to hold, indicating a cautious stance on the stock's performance.
• The company has a debt-to-equity ratio of 6.67 and a market capitalization of C$66.92 million, with an average price target of C$0.15.

Shares of Ascot Resources Ltd. (TSE:AOT - Get Free Report) fell 9.1% during trading on Monday . The stock traded as low as C$0.05 and last traded at C$0.05. 7,795,892 shares changed hands during mid-day trading, an increase of 527% from the average session volume of 1,244,004 shares. The stock had previously closed at C$0.06.

Wall Street Analyst Weigh In

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

Ascot Resources Stock Performance

The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23. The company's fifty day simple moving average is C$0.06 and its 200-day simple moving average is C$0.09. The company has a market capitalization 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.