Ascent Resources (LON:AST) Sets New 1-Year Low – Here’s Why

Shares of Ascent Resources Plc (LON:ASTGet Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 1.50 ($0.02) and last traded at GBX 1.60 ($0.02), with a volume of 897563 shares trading hands. The stock had previously closed at GBX 1.63 ($0.02).

Ascent Resources Price Performance

The stock has a market cap of £3.81 million, a price-to-earnings ratio of -1.47 and a beta of 0.01. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.24 and a current ratio of 0.39. The company has a 50-day simple moving average of GBX 1.69 and a two-hundred day simple moving average of GBX 1.84.

About Ascent Resources

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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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