Ascot Resources (TSE:AOT) Trading 24.4% Higher - Time to Buy?

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shares shot 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 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 dropped their price target on 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 debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The stock's 50 day moving average is C$0.12 and its 200-day moving average is C$0.17. The company has a market capitalization of C$118.76 million, a P/E ratio of -6.49 and a beta of 1.46.

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.