Ascent Resources (LON:AST) Stock Passes Below 200-Day Moving Average – What’s Next?

Ascent Resources Plc (LON:ASTGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.41 and traded as low as GBX 0.39. Ascent Resources shares last traded at GBX 0.40, with a volume of 32,315 shares trading hands.

Ascent Resources Stock Performance

The company has a debt-to-equity ratio of -126.99, a current ratio of 0.39 and a quick ratio of 0.24. The firm has a market capitalization of £2.91 million, a P/E ratio of 0.00 and a beta of 0.01. The stock’s 50 day moving average is GBX 0.41 and its two-hundred day moving average is GBX 0.41.

About Ascent Resources

(Get Free Report)

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.

Further Reading

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