Ascot Resources (TSE:AOT) Trading Down 4.9% – Time to Sell?

Ascot Resources Ltd. (TSE:AOT) traded down 4.9% during mid-day trading on Wednesday . The stock traded as low as C$0.19 and last traded at C$0.20. 703,439 shares traded hands during mid-day trading, an increase of 51% from the average session volume of 465,452 shares. The stock had previously closed at C$0.21.

Analyst Ratings Changes

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

Ascot Resources Stock Performance

The firm’s 50 day moving average is C$0.20 and its two-hundred day moving average is C$0.28. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.73 and a current ratio of 0.28. The stock has a market capitalization of C$137.75 million, a PE ratio of -19.50 and a beta of 1.46.

Ascot Resources (TSE:AOT) last released its quarterly earnings results on Friday, November 8th. The company reported C($0.02) EPS for the quarter. Ascot Resources had a negative return on equity of 0.83% and a negative net margin of 125.09%. The firm had revenue of C$11.99 million for the quarter. As a group, research analysts predict that Ascot Resources Ltd. will post 0.1030303 earnings per share for the current year.

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.