Ascot Resources (TSE:AOT) Trading Up 4.3% – Here’s What Happened

Ascot Resources Ltd. (TSE:AOT)’s share price shot up 4.3% during mid-day trading on Friday . The company traded as high as C$0.12 and last traded at C$0.12. 78,876 shares were traded during mid-day trading, a decline of 94% from the average session volume of 1,244,492 shares. The stock had previously closed at C$0.12.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Ascot Resources from C$0.50 to C$0.15 in a research note on Friday, April 11th. Desjardins raised Ascot Resources to a “moderate buy” rating in a research report on Wednesday, April 16th.

Ascot Resources Price Performance

The company has a market capitalization of C$114.01 million, a P/E ratio of -6.23 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The firm’s 50-day moving average is C$0.12 and its 200-day moving average is C$0.16.

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.