Ascent Resources (LON:AST) Hits New 52-Week Low – Here’s What Happened

Ascent Resources Plc (LON:AST) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.30 ($0.02), with a volume of 54643 shares changing hands. The stock had previously closed at GBX 1.38 ($0.02).

Ascent Resources Trading Down 5.5 %

The company has a current ratio of 0.39, a quick ratio of 0.24 and a debt-to-equity ratio of -126.99. The firm has a 50-day moving average of GBX 1.72 and a 200 day moving average of GBX 1.71. The stock has a market capitalization of £3.91 million, a price-to-earnings ratio of -1.33 and a beta of 0.01.

Insider Activity

In related news, insider Andrew Dennan sold 2,173,913 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of GBX 2 ($0.03), for a total transaction of £43,478.26 ($56,524.00). Corporate insiders own 57.76% of the company’s stock.

About Ascent Resources

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.