Ascot Resources (TSE:AOT) Stock Price Up 9.8% - Here's Why

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

Analyst Upgrades and Downgrades

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

Ascot Resources Trading Up 3.7 %

The company has a debt-to-equity ratio of 6.67, a quick ratio of 1.73 and a current ratio of 0.23. The stock has a market cap of C$133.02 million, a P/E ratio of -7.27 and a beta of 1.46. The stock has a 50-day moving average price of C$0.12 and a 200-day moving average price of C$0.17.

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.