Ascot Resources (TSE:AOT) Trading 24.4% Higher – What’s Next?

by · The Cerbat Gem

Shares of Ascot Resources Ltd. (TSE:AOT – Get Free Report) were 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. Approximately 2,539,700 shares changed hands during 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 Analyst Weigh In

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

View Our Latest Stock Report on AOT

Ascot Resources Trading 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 has a market cap of C$133.02 million, a price-to-earnings ratio of -7.27 and a beta of 1.46. The business’s 50 day moving average price is C$0.12 and its 200-day moving average price is C$0.17.

About Ascot Resources

(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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