Ascot Resources (TSE:AOT) Trading Up 24.4% – Here’s Why

Ascot Resources Ltd. (TSE:AOT)’s stock price traded up 24.4% on Saturday . 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.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reduced their price objective on 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 debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The business has a fifty day moving average of C$0.12 and a 200 day moving average of C$0.17. The stock has a market cap of C$133.02 million, a price-to-earnings ratio of -7.27 and a beta of 1.46.

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.