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

Ascot Resources Ltd. (TSE:AOT) shot up 24.4% during trading on Friday . The company traded as high as C$0.14 and last traded at C$0.14. 2,539,700 shares traded hands during mid-day trading, an increase of 99% from the average session volume of 1,276,137 shares. The stock had previously closed at C$0.11.

Analysts Set New Price Targets

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

Ascot Resources Stock Up 24.4 %

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 quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The business has a 50-day moving average price of C$0.12 and a 200-day moving average price of 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.