Ascot Resources (TSE:AOT) Trading Up 9.8% - Still a Buy?

Shares of Ascot Resources Ltd. (TSE:AOT - Get Free Report) shot up 9.8% during mid-day trading on Friday . The stock traded as high as C$0.12 and last traded at C$0.11. 1,171,123 shares were traded during trading, a decline of 7% from the average session volume of 1,258,086 shares. The stock had previously closed at C$0.10.

Analysts Set New Price Targets

Separately, BMO Capital Markets reduced their target price on Ascot Resources from C$0.50 to C$0.15 in a report on Friday, April 11th.

Ascot Resources Price Performance

The company's 50 day moving average is C$0.12 and its 200-day moving average is C$0.17. The firm has a market capitalization of C$128.26 million, a price-to-earnings ratio of -7.01 and a beta of 1.46. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.

Ascot Resources Company Profile

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.