Ascent Resources (LON:AST) Reaches New 1-Year Low – Should You Sell?

Shares of Ascent Resources Plc (LON:ASTGet Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 1.40 ($0.02) and last traded at GBX 1.40 ($0.02), with a volume of 93644 shares. The stock had previously closed at GBX 1.45 ($0.02).

Ascent Resources Stock Down 3.4 %

The business’s 50 day simple moving average is GBX 1.85 and its 200-day simple moving average is GBX 1.73. 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 company has a market cap of £4.21 million, a price-to-earnings ratio of -1.43 and a beta of 0.01.

Insider Activity at Ascent Resources

In related news, insider Andrew Dennan sold 2,173,913 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of GBX 2 ($0.03), for a total transaction of £43,478.26 ($56,202.51). Insiders own 57.76% of the company’s stock.

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.

Featured Articles

Receive News & Ratings for Ascent Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascent Resources and related companies with MarketBeat.com's FREE daily email newsletter.