Ascot Resources (TSE:AOT) Trading Up 9.8% – What’s Next?

Ascot Resources Ltd. (TSE:AOT)’s share price traded up 9.8% during mid-day trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.11. 1,171,123 shares traded 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 reduced their price objective on shares of Ascot Resources from C$0.50 to C$0.15 in a research note on Friday.

Ascot Resources Stock Performance

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 firm has a market cap of C$133.02 million, a price-to-earnings ratio of -7.27 and a beta of 1.46. The firm has a fifty day simple moving average of C$0.12 and a two-hundred day simple moving average of 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.