Ascent Resources (LON:AST) Stock Price Down 10% – What’s Next?

Ascent Resources Plc (LON:ASTGet Free Report)’s stock price was down 10% during trading on Wednesday . The stock traded as low as GBX 1.50 ($0.02) and last traded at GBX 1.53 ($0.02). Approximately 645,383 shares changed hands during trading, a decline of 22% from the average daily volume of 830,589 shares. The stock had previously closed at GBX 1.70 ($0.02).

Ascent Resources Trading Down 6.9 %

The firm has a market capitalization of £3.60 million, a PE ratio of -1.49 and a beta of 0.01. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.24 and a current ratio of 0.39. The firm has a fifty day moving average of GBX 1.71 and a 200 day moving average of GBX 1.86.

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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