Ascot Resources (TSE:AOT) Trading 9.8% Higher – Still a Buy?

Ascot Resources Ltd. (TSE:AOT) traded up 9.8% during mid-day trading on Thursday . The stock traded as high as C$0.12 and last traded at C$0.11. 1,171,123 shares were traded during trading, a decline of 7% from the average session volume of 1,258,086 shares. The stock had previously closed at C$0.10.

Analysts Set New Price Targets

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

Ascot Resources Trading Up 24.4 %

The stock has a 50-day moving average price of C$0.12 and a two-hundred day moving average price of C$0.17. The stock has a market capitalization of C$133.02 million, a PE ratio of -7.27 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23.

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.