Ascot Resources (TSE:AOT) Trading 24.4% Higher - Still a Buy?

Ascot Resources Ltd. (TSE:AOT - Get Free Report) traded up 24.4% during mid-day trading on Saturday . The stock traded as high as C$0.14 and last traded at C$0.14. 2,539,700 shares changed hands 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.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered their target price on shares of Ascot Resources from C$0.50 to C$0.15 in a research note on Friday, April 11th.

Ascot Resources Trading Down 10.7 %

The company has a market capitalization of C$118.76 million, a P/E ratio of -6.49 and a beta of 1.46. 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 company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23.

About Ascot Resources

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.