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

by · The Cerbat Gem

Ascent Resources Plc (LON:AST – Get Free Report) hit a new 52-week low on Friday . The company traded as low as GBX 1.50 ($0.02) and last traded at GBX 1.50 ($0.02), with a volume of 82117 shares changing hands. The stock had previously closed at GBX 1.55 ($0.02).

Ascent Resources Stock Performance

The stock has a 50 day simple moving average of GBX 1.67 and a 200 day simple moving average of GBX 1.81. The company has a market capitalization of £3.57 million, a price-to-earnings ratio of -1.42 and a beta of 0.01. The company has a quick ratio of 0.24, a current ratio of 0.39 and a debt-to-equity ratio of 1.37.

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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