Ascot Resources (TSE:AOT) Shares Up 24.4% – Should You Buy?

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

Analyst Upgrades and Downgrades

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

Ascot Resources Trading Up 24.4 %

The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The firm has a market cap of C$133.02 million, a P/E ratio of -7.27 and a beta of 1.46. The firm’s 50-day simple moving average is C$0.12 and its 200 day simple moving average is C$0.17.

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.