Ascot Resources (TSE:AOT) Trading 24.4% Higher – Here’s What Happened

Ascot Resources Ltd. (TSE:AOT)’s share price was up 24.4% during mid-day trading on Saturday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 2,539,700 shares changed 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 Ratings Changes

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

Ascot Resources Trading Up 24.4 %

The firm has a market cap of C$133.02 million, a price-to-earnings ratio of -7.27 and a beta of 1.46. The business has a fifty day moving average of C$0.12 and a two-hundred day moving average of C$0.17. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23.

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.