Ascot Resources (TSE:AOT) Trading Up 24.4% – Still a Buy?

Ascot Resources Ltd. (TSE:AOT) was up 24.4% during mid-day trading on Friday . The company 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 daily volume of 1,276,137 shares. The stock had previously closed at C$0.11.

Wall Street Analyst Weigh In

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

Ascot Resources Price Performance

The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The stock has a market cap of C$133.02 million, a PE ratio of -7.27 and a beta of 1.46. The business has a 50-day moving average price of C$0.12 and a 200 day moving average price of C$0.17.

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.