Ascent Resources (LON:AST) Stock Price Up 16.3% – Should You Buy?

Ascent Resources Plc (LON:ASTGet Free Report) shares shot up 16.3% on Friday . The company traded as high as GBX 0.38 and last traded at GBX 0.38. 1,200,920 shares were traded during trading, a decline of 19% from the average session volume of 1,481,173 shares. The stock had previously closed at GBX 0.33.

Ascent Resources Price Performance

The company has a current ratio of 0.39, a quick ratio of 0.24 and a debt-to-equity ratio of -126.99. The stock has a market cap of £3.89 million, a PE ratio of 0.00 and a beta of 0.01. The company’s 50 day moving average is GBX 0.38 and its 200-day moving average is GBX 0.41.

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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