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

Ascot Resources Ltd. (TSE:AOT) traded up 24.4% on Saturday . The stock traded as high as C$0.14 and last traded at C$0.14. 2,539,700 shares traded hands during trading, an increase of 99% from the average session volume of 1,276,137 shares. The stock had previously closed at C$0.11.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lowered 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 stock has a 50-day moving average price of C$0.12 and a two-hundred day moving average price of C$0.17. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23. The stock has a market capitalization of C$133.02 million, a PE ratio of -7.27 and a beta of 1.46.

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.