Ascot Resources (TSE:AOT) Trading Down 33.3% - Time to Sell?

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s stock price 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 were traded 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.

Wall Street Analysts Forecast Growth

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

Ascot Resources Stock Performance

The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The stock has a 50 day simple moving average of C$0.10 and a 200 day simple moving average of C$0.13. The company has a market capitalization of C$57.01 million, a price-to-earnings ratio of -3.12 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.

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