Ascot Resources (TSE:AOT) Shares Up 24.4% – Here’s What Happened

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

Analysts Set New Price Targets

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

Ascot Resources Trading Up 24.4 %

The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23. The company has a market capitalization of C$133.02 million, a price-to-earnings ratio of -7.27 and a beta of 1.46. The firm has a fifty day moving average price of C$0.12 and a 200-day moving average price of 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.