Desjardins Upgrades Ascot Resources (TSE:AOT) to “Moderate Buy”

Ascot Resources (TSE:AOT) was upgraded by equities researchers at Desjardins to a “moderate buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, BMO Capital Markets decreased their price target on Ascot Resources from C$0.50 to C$0.15 in a report on Friday, April 11th.

Ascot Resources Stock Down 10.7 %

Shares of AOT stock opened at C$0.13 on Wednesday. The company has a market capitalization of C$118.76 million, a price-to-earnings ratio of -6.49 and a beta of 1.46. 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 company’s fifty day moving average price is C$0.12 and its 200-day moving average price is C$0.17. Ascot Resources has a one year low of C$0.10 and a one year high of C$0.80.

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.