Ascot Resources (TSE:AOT) Shares Up 24.4% – Still a Buy?

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

Analysts Set New Price Targets

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

Ascot Resources Price Performance

The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23. The company 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 fifty day moving average is C$0.12 and its two-hundred 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.