Ascot Resources (TSE:AOT) Trading Up 24.4% – Should You Buy?

Ascot Resources Ltd. (TSE:AOT)’s stock price rose 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 changed 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 decreased their price objective on shares of Ascot Resources from C$0.50 to C$0.15 in a research note on Friday.

Ascot Resources Stock Performance

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

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.