Ascent Resources (LON:AST) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Ascent Resources Plc (LON:AST) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 0.41 and traded as low as GBX 0.40. Ascent Resources shares last traded at GBX 0.42, with a volume of 1,174,923 shares changing hands.

Ascent Resources Stock Down 1.2%

The stock has a fifty day moving average price of GBX 0.38 and a two-hundred day moving average price of GBX 0.41. The company has a market cap of £3.41 million, a price-to-earnings ratio of 0.00 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 -126.99.

Ascent Resources Company Profile

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.