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

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Desjardins raised Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets reduced their price objective on 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 Stock Performance

The firm has a 50 day moving average of C$0.16 and a 200-day moving average of C$0.20. The stock 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 quick ratio of 1.73 and a current ratio of 0.23.

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.