Ascot Resources (TSE:AOT) Trading 24.4% Higher – Still a Buy?

Ascot Resources Ltd. (TSE:AOT)’s share price rose 24.4% on Saturday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 2,539,700 shares traded hands 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.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets decreased their price objective on shares of 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 market capitalization of C$133.02 million, a P/E 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 firm has a fifty day simple moving average of C$0.12 and a 200-day simple moving average 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.