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

Key Points

• Ascot Resources Ltd. shares dropped 18.2% during trading, falling to C$0.05 from a previous close of C$0.06, with a trading volume increase of 645% compared to average session volume.
• BMO Capital Markets downgraded Ascot Resources from a "strong-buy" to a "hold" rating, amid a consensus rating of "Hold" and an average price target of C$0.15.
• The company holds various mining interests, including the Premier Gold Project and Red Mountain Project in the Golden Triangle region of British Columbia.

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s stock price fell 18.2% during trading on Tuesday . The stock 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.

Analyst Ratings Changes

Separately, BMO Capital Markets lowered shares of 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, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$0.15.

Ascot Resources Price Performance

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

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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