Ascent Resources (LON:AST) Trading Down 2.9% – Here’s Why

Ascent Resources Plc (LON:AST) traded down 2.9% during mid-day trading on Tuesday . The stock traded as low as GBX 1.60 ($0.02) and last traded at GBX 1.70 ($0.02). 288,890 shares traded hands during trading, a decline of 66% from the average session volume of 847,031 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ascent Resources Stock Down 2.9 %

The firm has a market capitalization of £4.05 million, a price-to-earnings ratio of -1.56 and a beta of 0.01. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.24 and a current ratio of 0.39. The business’s 50 day moving average is GBX 1.73 and its 200-day moving average is GBX 1.89.

Ascent Resources Company Profile

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.