Ascot Resources (TSE:AOT) Stock Price Up 24.4% – Here’s What Happened

by · The Cerbat Gem

Ascot Resources Ltd. (TSE:AOT – Get Free Report) shares shot up 24.4% during mid-day trading on Friday . The stock traded as high as C$0.14 and last traded at C$0.14. 2,380,600 shares traded hands during trading, an increase of 88% from the average session volume of 1,263,914 shares. The stock had previously closed at C$0.11.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lowered their price objective on shares of Ascot Resources from C$0.50 to C$0.15 in a research report on Friday.

Get Our Latest Analysis on AOT

Ascot Resources Stock Up 20.0 %

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 company 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$128.26 million, a PE ratio of -7.01 and a beta of 1.46.

Ascot Resources Company Profile

(Get Free Report)

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.

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