Ascot Resources (TSE:AOT) Downgraded by BMO Capital Markets to “Hold”

Ascot Resources (TSE:AOT) was downgraded by equities researchers at BMO Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

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

Ascot Resources Trading Up 8.3%

Ascot Resources stock opened at C$0.07 on Thursday. Ascot Resources has a 12-month low of C$0.06 and a 12-month high of C$0.64. The firm has a market capitalization of C$61.76 million, a price-to-earnings ratio of -3.38 and a beta of 1.46. The firm has a 50 day moving average of C$0.10 and a 200 day moving average of C$0.13. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.

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.