Ascot Resources (TSE:AOT) Trading 24.4% Higher – Here’s What Happened

Ascot Resources Ltd. (TSE:AOT) shares were up 24.4% during trading on Saturday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 2,539,700 shares were traded 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 reduced their target price on Ascot Resources from C$0.50 to C$0.15 in a report on Friday.

Ascot Resources Trading Up 24.4 %

The stock’s fifty day moving average price is C$0.12 and its 200 day moving average price is C$0.17. The stock 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 current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.

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.