BMO Capital Markets Has Lowered Expectations for Ascot Resources (TSE:AOT) Stock Price

Ascot Resources (TSE:AOT) had its price objective dropped by analysts at BMO Capital Markets from C$0.50 to C$0.15 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 7.14% from the company’s previous close.

Ascot Resources Trading Up 24.4 %

AOT traded up C$0.03 during midday trading on Friday, hitting C$0.14. 2,380,600 shares of the company were exchanged, compared to its average volume of 1,263,914. The firm’s 50 day moving average price is C$0.12 and its 200-day moving average price is C$0.17. Ascot Resources has a 1-year low of C$0.10 and a 1-year high of C$0.91. The firm has a market capitalization of C$133.02 million, a P/E ratio of -7.27 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 0.23 and a debt-to-equity ratio of 6.67.

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.