Ascot Resources (TSE:AOT) Trading 9.1% Higher

Ascot Resources Ltd. (TSE:AOT)’s share price rose 9.1% during trading on Friday . The stock traded as high as C$0.55 and last traded at C$0.54. Approximately 474,071 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 579,682 shares. The stock had previously closed at C$0.50.

Analysts Set New Price Targets

AOT has been the subject of a number of recent research reports. Desjardins raised Ascot Resources to a “moderate buy” rating in a research report on Friday, May 10th. Raymond James upgraded Ascot Resources from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$0.90 to C$1.00 in a research note on Tuesday, April 23rd.

Ascot Resources Stock Up 9.1 %

The stock has a market capitalization of C$337.04 million, a P/E ratio of -26.50 and a beta of 1.66. The company has a debt-to-equity ratio of 7.77, a current ratio of 0.64 and a quick ratio of 1.73. The stock has a fifty day moving average price of C$0.70 and a 200 day moving average price of C$0.64.

Ascot Resources (TSE:AOT) last issued its quarterly earnings data on Monday, May 13th. The company reported C($0.01) earnings per share (EPS) for the quarter. On average, research analysts forecast that Ascot Resources Ltd. will post 0.005022 earnings per share for the current year.

About Ascot Resources

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.