Ascot Resources Ltd. is happy to announce unaudited financial results for the Company’s three months.

Trending News ☀️

Ascot Resources ($TSX:AOT) Ltd. is a Canadian-based gold and silver mining company with assets in British Columbia and Quebec. The company is listed on the Toronto Stock Exchange and is headquartered in Vancouver, British Columbia. During the quarter, the Company continued to focus on its development projects, advancing the permitting process for its flagship Brucejack Mine and making progress on its feasibility study for the past-producing Premier Gold Mine. Brucejack Mine is a high-grade gold mine located in northwestern British Columbia, Canada.

The Premier Gold Mine is located in the heart of the historic gold mining district of Stewart, British Columbia. Ascot Resources is well-positioned to continue its growth trajectory with a strong balance sheet, experienced management team and a robust portfolio of assets.

Market Price

So far, the news has been mostly positive, with the stock opening at CA$0.4 on Monday and closing at CA$0.4. However, this is a 7.0% drop from the prior closing price of 0.4.

VI Analysis

Companies with strong fundamentals usually have a long-term potential. Based on VI Star Chart ASCOT RESOURCES is classified as ‘elephant’, a type of company that is rich in assets after deducting off liabilities. Such companies are usually of interest to value investors who seek to buy companies that are trading at a discount to their intrinsic value. ASCOT RESOURCES is strong in , medium in asset and weak in dividend, growth, profitability.

However, it has an intermediate health score of 4/10 considering its cashflows and debt, which means it might be able to safely ride out any crisis without the risk of bankruptcy.

VI Peers

The company has a portfolio of projects in British Columbia, Canada. The company’s primary focus is on its Premier Gold Project, which is located in the Golden Triangle region of British Columbia. The company is also advancing its Red Mountain Project, which is located in the Stewart-Cassiar district of British Columbia. The company is listed on the TSX Venture Exchange under the ticker symbol “AOT”. Ascot Resources Ltd’s main competitors are Thomson Resources Ltd, Arizona Metals Corp, and Dome Gold Mines Ltd. All three companies are engaged in the exploration and development of mineral properties. Thomson Resources Ltd is focused on its projects in the Yukon Territory, Canada. Arizona Metals Corp is focused on its projects in Arizona, United States. Dome Gold Mines Ltd is focused on its projects in Quebec, Canada.

– Thomson Resources Ltd ($ASX:TMZ)

Dome Gold Mines Ltd is a Canadian gold mining company with a market capitalization of $85.78 million as of 2022. The company has a return on equity of -3.32%. Dome Gold Mines Ltd is engaged in the exploration and development of gold properties in Quebec, Canada. The company was founded in 2006 and is headquartered in Vancouver, Canada.

Summary

Ascot Resources Ltd. is a Canadian mining company engaged in the exploration and development of mineral properties. The company’s primary focus is on gold and base metals. Ascot Resources Ltd. is listed on the Toronto Stock Exchange under the ticker symbol “AOT”. The company’s flagship property is the Premier Gold Mine, located in British Columbia, Canada.

Ascot Resources Ltd. is led by a experienced management team with a proven track record in the mining industry. The company is well financed and has a strong commitment to safety and environmental stewardship. The company’s experienced management team and strong financial position offer investors significant upside potential.