Ascent Resources (LON:AST) Trading 22.2% Higher – Time to Buy?

Ascent Resources Plc (LON:ASTGet Free Report) shares traded up 22.2% on Friday . The company traded as high as GBX 0.60 ($0.01) and last traded at GBX 0.55 ($0.01). 3,257,803 shares changed hands during trading, an increase of 43% from the average session volume of 2,279,976 shares. The stock had previously closed at GBX 0.45 ($0.01).

Ascent Resources Stock Performance

The stock has a market capitalization of £4.87 million, a PE ratio of -0.61 and a beta of 0.01. The firm’s 50 day moving average is GBX 0.39 and its two-hundred day moving average is GBX 0.55. 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 (LON:ASTGet Free Report) last announced its quarterly earnings data on Monday, September 29th. The company reported GBX (34) earnings per share 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

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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.

Further Reading

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