Ascot Resources (TSE:AOT) Shares Down 33.3% - Should You Sell?

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shares fell 33.3% during trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06. 7,142,807 shares changed hands during mid-day trading, an increase of 475% from the average session volume of 1,242,210 shares. The stock had previously closed at C$0.09.

Analysts Set New Price Targets

A number of brokerages recently commented on AOT. Desjardins raised Ascot Resources to a "moderate buy" rating in a report on Wednesday, April 16th. BMO Capital Markets downgraded Ascot Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday.

Ascot Resources Price Performance

The company has a 50 day simple moving average of C$0.10 and a 200-day simple moving average of C$0.13. The stock has a market cap of C$61.76 million, a price-to-earnings ratio of -3.38 and a beta of 1.46. 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.