Ascot Resources (TSE:AOT) Shares Up 24.4% – Should You Buy?

Ascot Resources Ltd. (TSE:AOT) shot up 24.4% during trading on Saturday . The company traded as high as C$0.14 and last traded at C$0.14. 2,539,700 shares were traded during mid-day trading, an increase of 99% from the average session volume of 1,276,137 shares. The stock had previously closed at C$0.11.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reduced their price objective on shares of Ascot Resources from C$0.50 to C$0.15 in a research report on Friday.

Ascot Resources Stock Up 24.4 %

The company’s 50 day moving average is C$0.12 and its 200 day moving average is C$0.17. The company has a market cap of C$133.02 million, a PE ratio of -7.27 and a beta of 1.46. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.

About Ascot Resources

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.