Ascot Resources (TSE:AOT) Trading 5.7% Higher – Time to Buy?

Shares of Ascot Resources Ltd. (TSE:AOT) rose 5.7% on Tuesday . The stock traded as high as C$0.19 and last traded at C$0.19. Approximately 159,885 shares traded hands during trading, a decline of 85% from the average daily volume of 1,034,411 shares. The stock had previously closed at C$0.18.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AOT. BMO Capital Markets dropped their price target on shares of Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a research note on Tuesday, November 19th. Raymond James lowered shares of Ascot Resources from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$1.00 to C$0.15 in a research report on Tuesday, September 10th. Finally, Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research note on Wednesday, November 20th.

Ascot Resources Trading Down 8.3 %

The stock has a market capitalization of C$116.56 million, a PE ratio of -16.50 and a beta of 1.46. The company’s 50 day moving average price is C$0.21 and its two-hundred day moving average price is C$0.36. The company has a debt-to-equity ratio of 15.61, a current ratio of 0.28 and a quick ratio of 1.73.

Ascot Resources (TSE:AOT) last announced its quarterly earnings data on Friday, November 8th. The company reported C($0.02) EPS for the quarter. The company had revenue of C$11.99 million for the quarter. Ascot Resources had a negative return on equity of 0.83% and a negative net margin of 125.09%. As a group, analysts expect that Ascot Resources Ltd. will post 0.1030303 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.