Ascot Resources (TSE:AOT) Shares Up 22.2% – Here’s What Happened

Ascot Resources Ltd. (TSE:AOT)’s stock price shot up 22.2% during trading on Friday . The company traded as high as C$0.14 and last traded at C$0.14. 2,412,100 shares traded hands during mid-day trading, an increase of 89% from the average session volume of 1,272,917 shares. The stock had previously closed at C$0.11.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reduced 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 company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. 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 fifty day moving average price of C$0.12 and a 200 day moving average price of C$0.17.

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.