Ascot Resources (TSE:AOT) Trading 16.7% Higher – Here’s What Happened

Ascot Resources Ltd. (TSE:AOT)’s stock price was up 16.7% on Thursday . The company traded as high as C$0.13 and last traded at C$0.12. Approximately 1,915,613 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 1,268,849 shares. The stock had previously closed at C$0.11.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BMO Capital Markets reduced their target price on shares of Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a report on Tuesday, November 19th. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th.

Ascot Resources Stock Performance

The stock has a market capitalization of C$123.51 million, a P/E ratio of -6.75 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The business has a fifty day moving average price of C$0.16 and a 200-day moving average price of C$0.20.

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.