Ascot Resources (TSE:AOT) Trading Up 9.8% – Should You Buy?

Ascot Resources Ltd. (TSE:AOT) shot up 9.8% on Thursday . The stock 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 lowered their target price on shares of Ascot Resources from C$0.50 to C$0.15 in a report on Friday.

Ascot Resources Stock Performance

The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The stock has a market cap of C$133.02 million, a P/E ratio of -7.27 and a beta of 1.46. The stock has a fifty day simple moving average of C$0.12 and a 200-day simple moving average 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.