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Ascot Resources (TSE:AOT) Trading 14.3% Higher - Time to Buy?

Ascot Resources logo with Basic Materials background

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price was up 14.3% during trading on Friday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 923,895 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 1,237,785 shares. The stock had previously closed at C$0.07.

Wall Street Analyst Weigh In

AOT has been the subject of several recent analyst reports. BMO Capital Markets cut Ascot Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Desjardins raised Ascot Resources to a "moderate buy" rating in a research report on Wednesday, April 16th.

View Our Latest Report on Ascot Resources

Ascot Resources Price Performance

The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The company has a market cap of C$80.76 million, a PE ratio of -4.41 and a beta of 1.46. The company's fifty day moving average is C$0.08 and its 200-day moving average is C$0.12.

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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