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

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th. BMO Capital Markets dropped their price target on Ascot Resources from C$0.50 to C$0.15 in a research report on Friday, April 11th.

Ascot Resources Price Performance

The company has a market capitalization of C$76.01 million, a price-to-earnings ratio of -4.15 and a beta of 1.46. 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 fifty day moving average price of C$0.12 and a 200 day moving average price of C$0.16.

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.