Ascot Resources (TSE:AOT) Shares Up 17.8% – Here’s What Happened

Shares of Ascot Resources Ltd. (TSE:AOT) rose 17.8% during mid-day trading on Friday . The stock traded as high as C$0.14 and last traded at C$0.13. Approximately 1,587,395 shares changed hands during trading, an increase of 26% from the average daily volume of 1,262,295 shares. The stock had previously closed at C$0.11.

Analyst Upgrades and Downgrades

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

Ascot Resources Stock Up 20.0 %

The firm’s 50-day moving average is C$0.12 and its 200 day moving average is C$0.17. The firm has a market capitalization of C$128.26 million, a P/E ratio of -7.01 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23.

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.