Ascent Resources (LON:AST) Shares Down 10.2% – Here’s Why

Ascent Resources Plc (LON:ASTGet Free Report) dropped 10.2% during trading on Friday . The stock traded as low as GBX 0.45 and last traded at GBX 0.49. Approximately 138,001 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 3,801,174 shares. The stock had previously closed at GBX 0.55.

Ascent Resources Trading Down 10.2%

The company has a debt-to-equity ratio of -180.60, a current ratio of 0.44 and a quick ratio of 0.24. The firm’s 50 day moving average is GBX 0.53 and its 200 day moving average is GBX 0.45. The company has a market capitalization of £4.01 million, a PE ratio of -0.01 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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