Ascot Resources (TSE:AOT) Trading 24.4% Higher – Time to Buy?

Ascot Resources Ltd. (TSE:AOT)’s share price shot 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. 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.

Analyst Ratings Changes

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

Ascot Resources Price Performance

The firm has a market capitalization of C$133.02 million, a PE ratio of -7.27 and a beta of 1.46. 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 company has a fifty day moving average price of C$0.12 and a two-hundred day moving average price of 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.