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

Ascot Resources Ltd. (TSE:AOT) shot up 24.4% during mid-day trading on Saturday . The company traded as high as C$0.14 and last traded at C$0.14. 2,539,700 shares traded hands during mid-day trading, an increase of 99% from the average session volume of 1,276,137 shares. The stock had previously closed at C$0.11.

Analyst Upgrades and Downgrades

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

Ascot Resources Trading Up 24.4 %

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 capitalization of C$133.02 million, a P/E ratio of -7.27 and a beta of 1.46. The business’s fifty day simple moving average is C$0.12 and its two-hundred day simple moving average is 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.