Ascot Resources (TSE:AOT) Stock Price Up 2.7% - Should You Buy?

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shot up 2.7% during trading on Tuesday . The stock traded as high as C$0.19 and last traded at C$0.19. 150,602 shares were traded during mid-day trading, a decline of 57% from the average session volume of 353,931 shares. The stock had previously closed at C$0.19.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AOT. Desjardins raised shares of Ascot Resources to a "moderate buy" rating in a research report on Wednesday, November 20th. Raymond James lowered shares of Ascot Resources from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from C$1.00 to C$0.15 in a report on Tuesday, September 10th. Finally, BMO Capital Markets reduced their price target on Ascot Resources from C$1.25 to C$0.75 and set an "outperform" rating on the stock in a report on Tuesday, November 19th.

Ascot Resources Trading Down 2.6 %

The company has a quick ratio of 1.73, a current ratio of 0.28 and a debt-to-equity ratio of 15.61. The firm has a market cap of C$130.69 million, a P/E ratio of -18.50 and a beta of 1.46. The firm's fifty day moving average is C$0.20 and its two-hundred day moving average is C$0.31.

Ascot Resources (TSE:AOT - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported C($0.02) earnings per share for the quarter. Ascot Resources had a negative return on equity of 0.83% and a negative net margin of 125.09%. The firm had revenue of C$11.99 million for the quarter. Analysts predict that Ascot Resources Ltd. will post 0.1030303 earnings per share for the current fiscal year.

Ascot Resources Company Profile

Ascot Resources Ltd. engages in the exploration, evaluation, and development of mineral properties in the United States and Canada. It explores for gold, silver, copper, porphyry copper, molybdenum, and sand and gravel deposits. The Company's principal property includes two landholdings, including its 100% interests in the Premier Gold Project covering an area of approximately 8,133 hectares; and Red Mountain Project that covers an area of approximately 17,125 hectares located in British Columbia.