Ascot Resources (TSE:AOT) Stock Price Up 24.4% – Time to Buy?

Ascot Resources Ltd. (TSE:AOT) shares traded up 24.4% during trading on Friday . The stock traded as high as C$0.14 and last traded at C$0.14. 2,539,700 shares were traded during 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 cut their price objective on Ascot Resources from C$0.50 to C$0.15 in a report on Friday.

Ascot Resources Trading Up 24.4 %

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