Ascent Resources (LON:AST) Stock Crosses Above 200-Day Moving Average – What’s Next?

Ascent Resources Plc (LON:AST)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1.76 ($0.02) and traded as high as GBX 2.05 ($0.02). Ascent Resources shares last traded at GBX 2.04 ($0.02), with a volume of 387,419 shares changing hands.

Ascent Resources Price Performance

The company has a current ratio of 0.39, a quick ratio of 0.24 and a debt-to-equity ratio of 1.37. The company has a market capitalization of £4.79 million, a PE ratio of -1.84 and a beta of 0.01. The stock’s 50-day moving average is GBX 1.79 and its two-hundred day moving average is GBX 1.76.

Insider Transactions at Ascent Resources

In related news, insider Andrew Dennan sold 2,173,913 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of GBX 2 ($0.02), for a total value of £43,478.26 ($52,899.70). Company insiders own 57.76% of the company’s stock.

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.