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

Ascot Resources Ltd. (TSE:AOT) was up 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 Analysts Forecast Growth

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

Ascot Resources Price Performance

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

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.