Ascot Resources (TSE:AOT) Trading Down 8.3% - Should You Sell?

Key Points

• Ascot Resources Ltd. (TSE:AOT) saw its stock price decline by 8.3%, trading as low as C$0.06, with a significant trading volume increase of 218% from its average daily volume.
• Analysts have mixed views on the stock, with Desjardins upgrading it to a "moderate buy" rating, while BMO Capital Markets downgraded it from a "strong-buy" to a "hold" rating.
• Ascot Resources, focused on gold and silver exploration in British Columbia's Golden Triangle region, has a market cap of C$52.26 million and a high debt-to-equity ratio of 6.67.

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price traded down 8.3% during mid-day trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06. 3,754,472 shares changed hands during mid-day trading, an increase of 218% from the average session volume of 1,182,107 shares. The stock had previously closed at C$0.06.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets cut shares of Ascot Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th.

Ascot Resources Trading Down 9.1%

The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23. The stock has a market capitalization of C$47.51 million, a P/E ratio of -2.60 and a beta of 1.46. The stock has a 50-day moving average price of C$0.07 and a two-hundred day moving average price of C$0.10.

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.