Ascent Resources (LON:AST) Shares Up 10% – Time to Buy?

Ascent Resources Plc (LON:ASTGet Free Report) shares shot up 10% on Thursday . The company traded as high as GBX 0.55 and last traded at GBX 0.55. 609,496 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 3,695,643 shares. The stock had previously closed at GBX 0.50.

Ascent Resources Trading Down 2.0%

The company has a debt-to-equity ratio of -180.60, a current ratio of 0.44 and a quick ratio of 0.24. The stock has a market capitalization of £3.97 million, a PE ratio of 0.00 and a beta of 0.01. The stock’s 50 day simple moving average is GBX 0.53 and its two-hundred day simple moving average is GBX 0.45.

Ascent Resources Company Profile

(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

Receive News & Ratings for Ascent Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascent Resources and related companies with MarketBeat.com's FREE daily email newsletter.