Ascot Resources (TSE:AOT) Shares Up 9.8% – Here’s Why

Ascot Resources Ltd. (TSE:AOT) shares rose 9.8% during trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.11. Approximately 1,171,123 shares traded hands 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.

Wall Street Analyst Weigh In

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

Ascot Resources Stock 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 firm’s fifty day simple moving average is C$0.12 and its 200 day simple moving average is C$0.17. The stock has a market capitalization of C$133.02 million, a price-to-earnings ratio of -7.27 and a beta of 1.46.

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.