Ascent Resources (LON:AST) Shares Down 13.1% – What’s Next?

Ascent Resources Plc (LON:AST) shares fell 13.1% on Tuesday . The company traded as low as GBX 0.35 and last traded at GBX 0.37. 378,000 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 2,161,808 shares. The stock had previously closed at GBX 0.42.

Ascent Resources Trading Down 13.1%

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 firm has a market capitalization of £2.96 million, a P/E ratio of 0.00 and a beta of 0.01. The firm’s 50-day simple moving average is GBX 0.45 and its 200-day simple moving average is GBX 0.42.

Ascent Resources (LON:AST) last issued its quarterly earnings results on Monday, September 29th. The company reported GBX (34) 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.