Ascot Resources (TSE:AOT) Trading Down 18.2% – Time to Sell?

Shares of Ascot Resources Ltd. (TSE:AOT) were down 18.2% during trading on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 9,348,892 shares traded hands during trading, an increase of 645% from the average daily volume of 1,255,371 shares. The stock had previously closed at C$0.06.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered shares of Ascot Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$0.15.

Ascot Resources Trading Down 18.2%

The business’s 50-day simple moving average is C$0.06 and its 200-day simple moving average is C$0.09. The company has a market cap of C$66.92 million, a PE ratio of -0.16 and a beta of 0.15. The company has a current ratio of 0.23, a quick ratio of 1.73 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.