Ascot Resources (TSE:AOT) Shares Down 12.5% – Time to Sell?

Ascot Resources Ltd. (TSE:AOT) dropped 12.5% during trading on Tuesday . The stock traded as low as C$0.10 and last traded at C$0.11. Approximately 3,456,800 shares were traded during mid-day trading, an increase of 173% from the average daily volume of 1,264,597 shares. The stock had previously closed at C$0.12.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AOT shares. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a report on Wednesday, April 16th. BMO Capital Markets decreased their price objective on Ascot Resources from C$0.50 to C$0.15 in a research report on Friday, April 11th.

Ascot Resources Stock Down 12.5%

The stock has a fifty day moving average price of C$0.12 and a two-hundred day moving average price of C$0.16. The company has a market cap of C$99.76 million, a price-to-earnings ratio of -5.45 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 0.23 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.