Ascent Resources (LON:AST) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Ascent Resources Plc (LON:ASTGet Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.41 and traded as low as GBX 0.35. Ascent Resources shares last traded at GBX 0.36, with a volume of 603,617 shares changing hands.

Ascent Resources Trading Down 4.3%

The firm has a market capitalization of £2.91 million, a price-to-earnings ratio of 0.00 and a beta of 0.01. The business has a 50 day moving average of GBX 0.40 and a two-hundred day moving average of GBX 0.41. The company has a debt-to-equity ratio of -126.99, a quick ratio of 0.24 and a current ratio of 0.39.

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.

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