Ascot Resources (TSE:AOT) Trading Up 20% – Here’s Why

Ascot Resources Ltd. (TSE:AOT)’s share price was up 20% on Friday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 1,426,742 shares changed hands during trading, an increase of 13% from the average daily volume of 1,257,053 shares. The stock had previously closed at C$0.11.

Wall Street Analysts Forecast Growth

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

Ascot Resources Stock Performance

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

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.