Ascot Resources (TSE:AOT) Trading Up 24.4% – Time to Buy?

Ascot Resources Ltd. (TSE:AOT) shot up 24.4% on Saturday . The stock traded as high as C$0.14 and last traded at C$0.14. 2,539,700 shares traded hands during mid-day trading, an increase of 99% from the average session 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 Ascot Resources from C$0.50 to C$0.15 in a report on Friday.

Ascot Resources Trading Up 24.4 %

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

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.