Ascent Resources (LON:AST) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Ascent Resources Plc (LON:ASTGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1.81 ($0.02) and traded as low as GBX 1.52 ($0.02). Ascent Resources shares last traded at GBX 1.55 ($0.02), with a volume of 1,076,500 shares traded.

Ascent Resources Trading Down 3.2 %

The company has a market capitalization of £3.57 million, a price-to-earnings ratio of -1.38 and a beta of 0.01. The business has a fifty day moving average price of GBX 1.67 and a 200 day moving average price of GBX 1.81. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.39 and a quick ratio of 0.24.

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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