Ascent Resources (LON:AST) Stock Passes Below 200-Day Moving Average – Should You Sell?

Ascent Resources Plc (LON:AST) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1.72 ($0.02) and traded as low as GBX 1.38 ($0.02). Ascent Resources shares last traded at GBX 1.44 ($0.02), with a volume of 2,650 shares changing hands.

Ascent Resources Trading Down 5.5 %

The company has a market cap of £3.91 million, a PE ratio of -1.33 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. The business has a 50-day simple moving average of GBX 1.72 and a 200-day simple moving average of GBX 1.71.

Insider Buying and Selling at Ascent Resources

In other news, insider Andrew Dennan sold 2,173,913 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of GBX 2 ($0.03), for a total transaction of £43,478.26 ($56,524.00). 57.76% of the stock is owned by corporate insiders.

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.