Ascot Resources (TSE:AOT) Trading Up 9.8% – Here’s Why

Shares of Ascot Resources Ltd. (TSE:AOTGet Free Report) shot up 9.8% during trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.11. 1,171,123 shares changed 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.

Ascot Resources Stock Performance

The firm has a 50 day moving average price of C$0.12 and a 200-day moving average price of C$0.17. The stock has a market capitalization of C$106.89 million, a PE ratio of -5.84 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

(Get Free Report)

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.

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