Ascot Resources (TSE:AOT) Stock Price Up 12.5% - Here's Why

Key Points

• Ascot Resources Ltd. (TSE:AOT) experienced a stock price increase of 12.5%, closing at C$0.05 with approximately 3.3 million shares traded, an increase of 149% compared to its average daily volume.
• BMO Capital Markets downgraded Ascot Resources from a "strong-buy" to a "hold" rating, contributing to a consensus price target of C$0.15.
• The company, focused on gold and silver exploration in British Columbia, currently holds a market cap of C$66.92 million and a debt-to-equity ratio of 6.67.

Ascot Resources Ltd. (TSE:AOT - Get Free Report) rose 12.5% during trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 3,292,261 shares changed hands during trading, an increase of 149% from the average daily volume of 1,324,382 shares. The stock had previously closed at C$0.04.

Analyst Ratings Changes

Separately, BMO Capital Markets cut Ascot Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$0.15.

Ascot Resources Stock Up 12.5%

The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67. The stock has a 50 day simple moving average of C$0.06 and a 200 day simple moving average of C$0.09. The stock has a market cap of C$66.92 million, a price-to-earnings ratio of -0.16 and a beta of 0.15.

About Ascot Resources

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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