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Ascot Resources (TSE:AOT) Trading Up 14.3% - Here's Why

Ascot Resources logo with Basic Materials background

Ascot Resources Ltd. (TSE:AOT - Get Free Report) shares traded up 14.3% on Friday . The company traded as high as C$0.08 and last traded at C$0.08. 924,895 shares changed hands during trading, a decline of 25% from the average session volume of 1,239,615 shares. The stock had previously closed at C$0.07.

Wall Street Analyst Weigh In

AOT has been the topic of several analyst reports. Desjardins raised shares of Ascot Resources to a "moderate buy" rating in a research report on Wednesday, April 16th. BMO Capital Markets cut shares of Ascot Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th.

Read Our Latest Stock Analysis on AOT

Ascot Resources Stock Performance

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 stock has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.12. The company has a market capitalization of C$80.76 million, a price-to-earnings ratio of -4.41 and a beta of 1.46.

Ascot Resources Company Profile

(Get Free Report)

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.

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