Ascot Resources (TSE:AOT) Shares Up 24.4% – Here’s What Happened

Shares of Ascot Resources Ltd. (TSE:AOT) traded up 24.4% during trading on Saturday . The stock traded as high as C$0.14 and last traded at C$0.14. 2,539,700 shares changed hands during mid-day trading, an increase of 99% from the average session volume of 1,276,137 shares. The stock had previously closed at C$0.11.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lowered their price target on Ascot Resources from C$0.50 to C$0.15 in a research report on Friday.

Ascot Resources Stock Up 24.4 %

The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The stock has a market capitalization of C$133.02 million, a P/E ratio of -7.27 and a beta of 1.46. The firm’s fifty day moving average is C$0.12 and its 200-day moving average is C$0.17.

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.