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

Ascot Resources Ltd. (TSE:AOT) rose 24.4% during trading on Saturday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 2,539,700 shares were traded 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.

Analysts Set New Price Targets

Separately, BMO Capital Markets dropped their target price on Ascot Resources from C$0.50 to C$0.15 in a research report 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 stock has a 50 day simple moving average of C$0.12 and a 200 day simple moving average of 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.

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.