Ascent Resources (LON:AST) Trading Down 9% – Time to Sell?

Ascent Resources Plc (LON:AST)’s stock price traded down 9% on Thursday . The company traded as low as GBX 0.33 ($0.00) and last traded at GBX 0.33 ($0.00). 94,422 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 864,000 shares. The stock had previously closed at GBX 0.37 ($0.00).

Ascent Resources Stock Down 9.0%

The business’s fifty day moving average price is GBX 0.40 and its two-hundred day moving average price is GBX 0.82. The company has a debt-to-equity ratio of -126.99, a quick ratio of 0.24 and a current ratio of 0.39. The firm has a market capitalization of £998,108.42, a P/E ratio of -0.34 and a beta of 0.01.

Ascent Resources (LON:AST) last issued its quarterly earnings data on Monday, June 2nd. The company reported GBX (114.49) earnings per share (EPS) for the quarter. Ascent Resources had a positive return on equity of 432.64% and a negative net margin of 3,901.89%.

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.