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Ascot Resources (TSE:AOT) Trading 6.8% Higher - Time to Buy?

Ascot Resources logo with Basic Materials background

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shares shot up 6.8% on Thursday . The company traded as high as C$0.12 and last traded at C$0.12. 238,558 shares traded hands during trading, a decline of 81% from the average session volume of 1,259,464 shares. The stock had previously closed at C$0.11.

Ascot Resources Stock Performance

The company's 50-day simple moving average is C$0.13 and its 200-day simple moving average is C$0.17. The stock has a market capitalization of C$90.26 million, a price-to-earnings ratio of -4.93 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.

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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