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

Ascot Resources Ltd. (TSE:AOT)’s share price was up 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 were traded 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 objective on Ascot Resources from C$0.50 to C$0.15 in a report on Friday.

Ascot Resources Price Performance

The stock has a market capitalization of C$133.02 million, a P/E 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. The firm has a fifty day moving average price of C$0.12 and a two-hundred day moving average price of C$0.17.

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.