Ascot Resources (TSE:AOT) Trading 24.4% Higher - Here's Why

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

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 research report on Friday, April 11th.

Ascot Resources Stock Down 10.7 %

The stock's fifty day moving average price is C$0.12 and its 200 day moving average price is C$0.17. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The stock has a market cap 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.