Ascot Resources (TSE:AOT) Trading Down 18.2% - Should You Sell?

Key Points

• Ascot Resources experienced an 18.2% drop in stock price, trading as low as C$0.05 on Monday, with a significant increase in trading volume of 9.3 million shares.
• BMO Capital Markets has downgraded Ascot Resources from a "strong-buy" to a "hold" rating, with an average price target of C$0.15.
• The company's current financial metrics include a market cap of C$66.92 million, a negative P/E ratio of -0.16, and a high debt-to-equity ratio of 6.67.

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s stock price fell 18.2% during trading on Monday . The company traded as low as C$0.05 and last traded at C$0.05. 9,348,892 shares were traded during mid-day trading, an increase of 645% from the average session volume of 1,255,371 shares. The stock had previously closed at C$0.06.

Wall Street Analysts Forecast Growth

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

Ascot Resources Price Performance

The stock's 50-day moving average is C$0.06 and its 200-day moving average is C$0.09. The firm has a market cap of C$66.92 million, a P/E ratio of -0.16 and a beta of 0.15. The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67.

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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