Ascent Resources (LON:AST) Trading Down 9.7% – Here’s What Happened

Ascent Resources Plc (LON:ASTGet Free Report) shares were down 9.7% on Tuesday . The stock traded as low as GBX 0.40 and last traded at GBX 0.43. 19,080,209 shares traded hands during trading, an increase of 316% from the average daily volume of 4,587,300 shares. The stock had previously closed at GBX 0.47.

Ascent Resources Stock Performance

The stock’s 50-day moving average price is GBX 0.52 and its 200 day moving average price is GBX 0.45. 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 has a market cap of £3.57 million, a P/E ratio of -0.00 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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