Ascent Resources (LON:AST) Trading Down 11.6% – Here’s What Happened

Ascent Resources Plc (LON:AST) dropped 11.6% on Monday . The company traded as low as GBX 0.50 and last traded at GBX 0.50. Approximately 1,354,119 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 3,101,135 shares. The stock had previously closed at GBX 0.57.

Ascent Resources Stock Performance

The stock has a market cap of £4.14 million, a PE ratio of -0.01 and a beta of 0.01. The company has a debt-to-equity ratio of -180.60, a quick ratio of 0.24 and a current ratio of 0.44. The stock has a fifty day simple moving average of GBX 0.43 and a two-hundred day simple moving average of GBX 0.44.

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.