Ascent Resources (LON:AST) Shares Down 9.1% – Time to Sell?

Shares of Ascent Resources Plc (LON:ASTGet Free Report) traded down 9.1% during trading on Thursday . The company traded as low as GBX 0.93 ($0.01) and last traded at GBX 1 ($0.01). 1,100,674 shares changed hands during mid-day trading, an increase of 76% from the average session volume of 624,427 shares. The stock had previously closed at GBX 1.10 ($0.01).

Ascent Resources Stock Down 9.1 %

The company has a 50-day moving average of GBX 1.42 and a two-hundred day moving average of GBX 1.65. The company has a debt-to-equity ratio of -126.99, a current ratio of 0.39 and a quick ratio of 0.24. The company has a market capitalization of £3.01 million, a PE ratio of -1.02 and a beta of 0.01.

Ascent Resources Company Profile

(Get Free Report)

Ascent Resources Plc, together with its subsidiaries, operates as an independent oil and gas exploration and production company in Slovenia and the United Kingdom. It holds 75% interest in the Petiovci Tight gas project located in Slovenia. The company was incorporated in 2004 and is headquartered in London, the United Kingdom.

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