Ascot Resources (TSE:AOT) Stock Rating Lowered by BMO Capital Markets

BMO Capital Markets downgraded shares of Ascot Resources (TSE:AOT - Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports.

Separately, Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research report on Wednesday, April 16th.

Ascot Resources Stock Performance

Shares of TSE:AOT remained flat at C$0.07 during midday trading on Thursday. The stock had a trading volume of 1,723,230 shares, compared to its average volume of 1,256,267. Ascot Resources has a 52-week low of C$0.06 and a 52-week high of C$0.64. The stock has a market cap of C$61.76 million, a P/E ratio of -3.38 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. The company has a 50-day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.13.

Ascot Resources Company Profile

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.