Ascent Resources (LON:AST) Trading Down 6.4% – What’s Next?

Ascent Resources Plc (LON:ASTGet Free Report)’s stock price dropped 6.4% during trading on Thursday . The stock traded as low as GBX 0.35 and last traded at GBX 0.35. Approximately 236,899 shares traded hands during trading, a decline of 81% from the average daily volume of 1,234,631 shares. The stock had previously closed at GBX 0.38.

Ascent Resources Stock Down 6.4%

The company’s 50 day simple moving average is GBX 0.40 and its 200-day simple moving average is GBX 0.41. The company has a debt-to-equity ratio of -126.99, a quick ratio of 0.24 and a current ratio of 0.39. The firm has a market capitalization of £2.85 million, a PE ratio of 0.00 and a beta of 0.01.

Ascent Resources Company Profile

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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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