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Ascot Resources (TSE:AOT) Stock Price Up 12.5% - Should You Buy?

Ascot Resources logo with Basic Materials background

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s stock price shot up 12.5% during mid-day trading on Monday . The company traded as high as C$0.27 and last traded at C$0.27. 832,123 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 958,060 shares. The stock had previously closed at C$0.24.

Analysts Set New Price Targets

Several analysts have issued reports on AOT shares. Raymond James downgraded shares of Ascot Resources from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from C$1.00 to C$0.15 in a research report on Tuesday, September 10th. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research note on Thursday, July 25th.

Read Our Latest Report on Ascot Resources

Ascot Resources Trading Up 14.6 %

The firm has a market capitalization of C$194.26 million, a price-to-earnings ratio of -27.50 and a beta of 1.46. The firm's 50 day moving average is C$0.25 and its 200 day moving average is C$0.48. The company has a quick ratio of 1.73, a current ratio of 0.28 and a debt-to-equity ratio of 15.61.

Ascot Resources Company Profile

(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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