Ascot Resources (TSE:AOT) Trading 9.8% Higher – Still a Buy?

Ascot Resources Ltd. (TSE:AOT) shares traded up 9.8% during trading on Friday . The stock traded as high as C$0.12 and last traded at C$0.11. 1,171,123 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 1,258,086 shares. The stock had previously closed at C$0.10.

Analysts Set New Price Targets

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

Ascot Resources Trading Up 24.4 %

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 stock has a market cap of C$133.02 million, a P/E ratio of -7.27 and a beta of 1.46. The business’s fifty day simple moving average is C$0.12 and its 200 day simple moving average is 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.