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

Key Points

• Shares of Ascot Resources traded down 8.3%, closing at C$0.06, with trading volume significantly increased by 218% compared to average levels.
• Analyst ratings showed mixed sentiments, with Desjardins upgrading the stock to a "moderate buy," while BMO Capital Markets downgraded it to "hold."
• The company has a market cap of C$52.26 million with considerable financial metrics, including a high debt-to-equity ratio of 6.67 and a negative PE ratio of -2.86.

Shares of Ascot Resources Ltd. (TSE:AOT - Get Free Report) traded down 8.3% on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06. 3,754,472 shares were traded during trading, an increase of 218% from the average session volume of 1,182,482 shares. The stock had previously closed at C$0.06.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th. BMO Capital Markets cut Ascot Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th.

Ascot Resources Stock Performance

The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The stock has a 50 day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.10. The company has a market cap of C$52.26 million, a PE ratio of -2.86 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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