Ascot Resources (TSE:AOT) Stock Price Up 16.7% – Here’s What Happened

Ascot Resources Ltd. (TSE:AOT)’s share price rose 16.7% on Thursday . The stock traded as high as C$0.13 and last traded at C$0.12. Approximately 1,915,613 shares changed 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.

Analyst Upgrades and Downgrades

AOT has been the subject of several research analyst reports. BMO Capital Markets cut their price objective on 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 report on Wednesday, November 20th.

Ascot Resources Stock Performance

The firm has a market capitalization of C$128.26 million, a PE ratio of -7.01 and a beta of 1.46. The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The firm has a fifty day moving average price of C$0.16 and a 200 day moving average price of C$0.20.

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.