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

Ascot Resources Ltd. (TSE:AOT)’s share price traded up 24.4% during trading on Saturday . The company traded as high as C$0.14 and last traded at C$0.14. 2,539,700 shares were traded during trading, an increase of 99% from the average session volume of 1,276,137 shares. The stock had previously closed at C$0.11.

Analysts Set New Price Targets

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

Ascot Resources Stock Up 24.4 %

The firm has a fifty day simple moving average of C$0.12 and a 200-day simple moving average of C$0.17. The company 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.