Ascot Resources (TSE:AOT) Shares Down 12.5% - Time to Sell?

Ascot Resources Ltd. (TSE:AOT - Get Free Report) traded down 12.5% on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11. 3,456,800 shares were traded during mid-day trading, an increase of 173% from the average session volume of 1,264,597 shares. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AOT. Desjardins upgraded shares of Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th. BMO Capital Markets cut their price target on shares of Ascot Resources from C$0.50 to C$0.15 in a report on Friday, April 11th.

Ascot Resources Trading Down 5.9%

The firm has a 50-day moving average of C$0.12 and a two-hundred day moving average of C$0.16. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The firm has a market capitalization of C$76.01 million, a P/E ratio of -4.15 and a beta of 1.46.

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.