Ascot Resources (TSE:AOT) Trading Up 6% – Time to Buy?

Ascot Resources Ltd. (TSE:AOT) shot up 6% on Monday . The stock traded as high as C$0.14 and last traded at C$0.13. 224,970 shares traded hands during trading, a decline of 82% from the average session volume of 1,272,599 shares. The stock had previously closed at C$0.13.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. BMO Capital Markets reduced their price objective on Ascot Resources from C$0.50 to C$0.15 in a research note on Friday, April 11th. Desjardins raised Ascot Resources to a “moderate buy” rating in a research note on Wednesday, April 16th.

Ascot Resources Stock Performance

The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The firm has a 50-day moving average of C$0.12 and a two-hundred day moving average of C$0.17. The firm has a market capitalization of C$118.76 million, a P/E ratio of -6.49 and a beta of 1.46.

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.