Ascot Resources (TSE:AOT) Trading 24.4% Higher – Here’s What Happened

Shares of Ascot Resources Ltd. (TSE:AOT) were up 24.4% during trading on Saturday . The stock 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 lowered their price objective on shares of Ascot Resources from C$0.50 to C$0.15 in a report on Friday.

Ascot Resources Stock Performance

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 company has a fifty day moving average price of C$0.12 and a 200 day moving average price of C$0.17. The stock has a market cap of C$133.02 million, a PE ratio of -7.27 and a beta of 1.46.

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.