Ascot Resources (TSE:AOT) Stock Price Up 24.4% - Here's Why

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price was up 24.4% during mid-day trading on Saturday . The company 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.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets dropped their price target on shares of Ascot Resources from C$0.50 to C$0.15 in a research note on Friday, April 11th.

Ascot Resources Price Performance

The stock's 50 day moving average is C$0.12 and its two-hundred day moving average is C$0.17. 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 has a market capitalization of C$118.76 million, a PE ratio of -6.49 and a beta of 1.46.

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.