Insider Buying: Ascent Resources Plc (LON:AST) Insider Purchases 550,000 Shares of Stock

Ascent Resources Plc (LON:AST) insider Andrew Dennan bought 550,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of GBX 2 ($0.03) per share, for a total transaction of £11,000 ($13,789.65).

Andrew Dennan also recently made the following trade(s):

• On Friday, December 20th, Andrew Dennan sold 2,173,913 shares of Ascent Resources stock. The shares were sold at an average price of GBX 2 ($0.03), for a total value of £43,478.26 ($54,504.53).

Ascent Resources Trading Up 12.6 %

Shares of AST stock traded up GBX 0.23 ($0.00) during trading hours on Tuesday, hitting GBX 2.03 ($0.03). The company had a trading volume of 5,395,427 shares, compared to its average volume of 838,568. Ascent Resources Plc has a fifty-two week low of GBX 1.40 ($0.02) and a fifty-two week high of GBX 3.90 ($0.05). The company has a debt-to-equity ratio of 1.37, a current ratio of 0.39 and a quick ratio of 0.24. The company’s fifty day moving average is GBX 1.61 and its 200 day moving average is GBX 1.74. The stock has a market capitalization of £4.83 million, a PE ratio of -1.86 and a beta of 0.01.

About Ascent Resources

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.