Ascent Resources (LON:AST) Stock Price Up 36.4% – What’s Next?

Ascent Resources Plc (LON:ASTGet Free Report)’s share price traded up 36.4% during trading on Friday . The company traded as high as GBX 2.40 ($0.03) and last traded at GBX 2.25 ($0.03). 5,319,208 shares traded hands during mid-day trading, an increase of 587% from the average session volume of 774,674 shares. The stock had previously closed at GBX 1.65 ($0.02).

Ascent Resources Stock Up 14.8 %

The company has a 50-day moving average of GBX 1.61 and a two-hundred day moving average of GBX 1.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.39 and a quick ratio of 0.24. The company has a market capitalization of £4.51 million, a PE ratio of -1.74 and a beta of 0.01.

About Ascent Resources

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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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