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

by · The Cerbat Gem

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

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on AOT

Ascot Resources Stock Performance

The company has a fifty day moving average of C$0.12 and a two-hundred day moving average of C$0.17. 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 company has a market cap of C$133.02 million, a price-to-earnings ratio of -7.27 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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