Ascot Resources (TSE:AOT) Trading Up 24.4% – Still a Buy?

Ascot Resources Ltd. (TSE:AOT) shares were up 24.4% 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 mid-day trading, an increase of 99% from the average daily volume of 1,276,137 shares. The stock had previously closed at C$0.11.

Analyst Ratings Changes

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

Ascot Resources Trading Up 24.4 %

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

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.