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

Ascot Resources Ltd. (TSE:AOT) shares dropped 33.3% during trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 7,142,807 shares were traded during trading, an increase of 475% from the average daily volume of 1,242,210 shares. The stock had previously closed at C$0.09.

Wall Street Analyst Weigh In

AOT has been the subject of a number of recent research reports. BMO Capital Markets lowered their price objective on Ascot Resources from C$0.50 to C$0.15 in a research note on Friday, April 11th. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research note on Wednesday, April 16th.

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 firm has a market cap of C$57.01 million, a price-to-earnings ratio of -3.12 and a beta of 1.46. The company has a fifty day moving average price of C$0.10 and a two-hundred day moving average price of C$0.13.

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.