Ascent Resources (LON:AST) Reaches New 1-Year Low – Time to Sell?

Ascent Resources Plc (LON:ASTGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 0.90 ($0.01) and last traded at GBX 0.93 ($0.01), with a volume of 3013349 shares trading hands. The stock had previously closed at GBX 1 ($0.01).

Ascent Resources Stock Down 7.2 %

The company has a debt-to-equity ratio of -126.99, a quick ratio of 0.24 and a current ratio of 0.39. The company has a market capitalization of £2.79 million, a PE ratio of -0.95 and a beta of 0.01. The company’s fifty day moving average is GBX 1.40 and its 200-day moving average is GBX 1.65.

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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