Ascot Resources (TSE:AOT) Trading Up 20% – Here’s Why

Shares of Ascot Resources Ltd. (TSE:AOT) traded up 20% during trading on Friday . The stock traded as high as C$0.14 and last traded at C$0.14. 2,499,100 shares changed hands during mid-day trading, an increase of 96% from the average session volume of 1,274,481 shares. The stock had previously closed at C$0.11.

Wall Street Analyst Weigh In

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

Ascot Resources Stock Performance

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 company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The firm has a 50-day moving average of C$0.12 and a 200 day 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.