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

Ascot Resources Ltd. (TSE:AOT) was up 24.4% during mid-day trading on Friday . 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.

Wall Street Analysts Forecast Growth

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

Ascot Resources Stock Up 24.4 %

The stock has a market capitalization of C$133.02 million, a P/E ratio of -7.27 and a beta of 1.46. The stock 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 current ratio of 0.23 and a quick ratio of 1.73.

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.