Ascot Resources (TSE:AOT) Stock Price Up 24.4% – What’s Next?

Ascot Resources Ltd. (TSE:AOT)’s stock price rose 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 reduced their target price on Ascot Resources from C$0.50 to C$0.15 in a report on Friday.

Ascot Resources Trading Up 24.4 %

The company 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 current ratio of 0.23 and a quick ratio of 1.73. The business’s 50-day moving average price is C$0.12 and its two-hundred day moving average price 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.