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

by · The Cerbat Gem

Ascot Resources Ltd. (TSE:AOT – Get Free Report) shares traded up 24.4% during trading on Friday . The company traded as high as C$0.14 and last traded at C$0.14. 2,539,700 shares were traded during trading, an increase of 99% from the average session volume of 1,276,137 shares. The stock had previously closed at C$0.11.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on AOT

Ascot Resources Trading Up 24.4 %

The stock has a market capitalization of C$133.02 million, a P/E ratio of -7.27 and a beta of 1.46. The stock’s fifty day moving average price is C$0.12 and its 200 day moving average price is C$0.17. The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73.

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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