Ascot Resources (TSE:AOT) Trading Up 9.8% – Time to Buy?

Ascot Resources Ltd. (TSE:AOT) shares were up 9.8% during mid-day trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.11. Approximately 1,171,123 shares traded hands during trading, a decline of 7% from the average daily volume of 1,258,086 shares. The stock had previously closed at C$0.10.

Wall Street Analyst Weigh In

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

Ascot Resources Stock Up 24.4 %

The business’s 50 day moving average is C$0.12 and its 200 day moving average is C$0.17. The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The company has a market cap of C$133.02 million, a P/E ratio of -7.27 and a beta of 1.46.

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.