Ascot Resources (TSE:AOT) Shares Down 20.7% – Should You Sell?

Ascot Resources Ltd. (TSE:AOT) shares fell 20.7% during mid-day trading on Friday . The company traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares changed hands during mid-day trading, an increase of 474% from the average session volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Analysts Set New Price Targets

Several equities analysts recently commented on AOT shares. BMO Capital Markets cut their target price on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a research report on Tuesday, November 19th. Desjardins raised Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th.

Ascot Resources Price Performance

The stock has a market capitalization of C$109.26 million, a P/E ratio of -5.97 and a beta of 1.46. The company’s 50 day simple moving average is C$0.18 and its two-hundred day simple moving average is C$0.24. The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73.

About Ascot Resources

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.