Ascot Resources (TSE:AOT) Stock Price Down 9.1% - Time to 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.

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

Analyst Ratings Changes

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

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 has a 50-day simple moving average of C$0.06 and a 200 day simple moving average of C$0.09. The firm has a market cap of C$66.92 million, a PE ratio of -0.16 and a beta of 0.15.

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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