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

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

Analyst Upgrades and Downgrades

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

Ascot Resources Price Performance

The stock 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 price-to-earnings ratio of -7.27 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73.

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.