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Ascot Resources (TSE:AOT) Trading Up 18.9% - Time to Buy?

Ascot Resources logo with Basic Materials background

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s stock price traded up 18.9% during trading on Monday . The company traded as high as C$0.22 and last traded at C$0.22. 686,393 shares changed hands during trading, a decline of 25% from the average session volume of 913,891 shares. The stock had previously closed at C$0.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Desjardins upgraded shares of Ascot Resources to a "moderate buy" rating in a report on Thursday, July 25th. CIBC decreased their price objective on shares of Ascot Resources from C$0.85 to C$0.60 in a report on Friday, July 5th. BMO Capital Markets restated an "outperform" rating and issued a C$1.25 price objective on shares of Ascot Resources in a report on Thursday, July 4th. Finally, Raymond James lowered shares of Ascot Resources from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from C$1.00 to C$0.15 in a report on Tuesday, September 10th.

Get Our Latest Stock Report on Ascot Resources

Ascot Resources Stock Up 10.5 %

The company has a current ratio of 0.28, a quick ratio of 1.73 and a debt-to-equity ratio of 15.61. The firm has a market capitalization of C$148.35 million, a P/E ratio of -21.00 and a beta of 1.46. The company's fifty day simple moving average is C$0.30 and its 200 day simple moving average is C$0.52.

About Ascot Resources

(Get Free Report)

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.

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