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

Ascot Resources logo with Basic Materials background

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

Wall Street Analyst Weigh In

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

View Our Latest Report on AOT

Ascot Resources Price Performance

The stock has a 50 day moving average of C$0.08 and a 200-day moving average of C$0.12. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67. The stock has a market capitalization of C$80.76 million, a P/E ratio of -4.41 and a beta of 1.46.

About Ascot Resources

(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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