Ascot Resources (TSE:AOT) Trading Up 24.4% – What’s Next?

Shares of Ascot Resources Ltd. (TSE:AOT) rose 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 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 lowered their price objective on shares of Ascot Resources from C$0.50 to C$0.15 in a research note on Friday.

Ascot Resources Stock Performance

The company has a market capitalization of C$133.02 million, a price-to-earnings ratio of -7.27 and a beta of 1.46. The company has a 50 day moving average price of C$0.12 and a 200 day moving average price 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.