Ascot Resources (TSE:AOT) Shares Up 24.4% – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Ascot Resources Trading Up 24.4 %

The firm has a 50 day simple moving average of C$0.12 and a 200 day simple moving average of C$0.17. The firm has a market cap of C$133.02 million, a P/E ratio of -7.27 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23.

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.