Ascot Resources (TSE:AOT) Trading 2.7% Higher – Still a Buy?

Ascot Resources Ltd. (TSE:AOT)’s share price rose 2.7% during trading on Tuesday . The stock traded as high as C$0.19 and last traded at C$0.19. Approximately 150,602 shares were traded during trading, a decline of 57% from the average daily volume of 353,931 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AOT. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a report on Wednesday, November 20th. BMO Capital Markets lowered their price objective on shares of Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a research note on Tuesday, November 19th.

Ascot Resources Price Performance

The stock has a 50 day moving average of C$0.20 and a 200-day moving average of C$0.31. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.73 and a current ratio of 0.28. The company has a market cap of C$130.69 million, a PE ratio of -18.50 and a beta of 1.46.

Ascot Resources (TSE:AOT) last released its quarterly earnings data on Friday, November 8th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$11.99 million during the quarter. Ascot Resources had a negative net margin of 125.09% and a negative return on equity of 0.83%. Equities analysts predict that Ascot Resources Ltd. will post 0.1030303 earnings per share for the current year.

Ascot Resources Company Profile

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.