Ascot Resources (TSE:AOT) Trading Up 9.8% – What’s Next?

Ascot Resources Ltd. (TSE:AOT)’s share price was up 9.8% during mid-day trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.11. Approximately 1,171,123 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 1,258,086 shares. The stock had previously closed at C$0.10.

Ascot Resources Stock 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 capitalization of C$106.89 million, a price-to-earnings ratio of -5.84 and a beta of 1.46. The firm’s fifty day moving average price is C$0.12 and its 200 day moving average price 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.