Ascent Resources (LON:AST) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Ascent Resources Plc (LON:AST) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1.72 ($0.02) and traded as low as GBX 1.38 ($0.02). Ascent Resources shares last traded at GBX 1.44 ($0.02), with a volume of 2,650 shares changing hands.

Ascent Resources Stock Performance

The stock has a market cap of £4.33 million, a price-to-earnings ratio of -1.47 and a beta of 0.01. The firm’s 50-day moving average price is GBX 1.74 and its two-hundred day moving average price is GBX 1.72. The company has a debt-to-equity ratio of -126.99, a quick ratio of 0.24 and a current ratio of 0.39.

Insider Activity at Ascent Resources

In related news, insider Andrew Dennan acquired 550,000 shares of Ascent Resources stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of GBX 2 ($0.03) per share, for a total transaction of £11,000 ($14,287.57). 57.76% of the stock is owned by insiders.

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.