Ascent Resources (LON:AST) Stock Price Down 13.1% – Time to Sell?

Ascent Resources Plc (LON:AST)’s stock price traded down 13.1% on Tuesday . The stock traded as low as GBX 0.35 and last traded at GBX 0.37. 378,000 shares were traded during mid-day trading, a decline of 83% from the average session volume of 2,161,808 shares. The stock had previously closed at GBX 0.42.

Ascent Resources Price Performance

The company’s fifty day simple moving average is GBX 0.44 and its 200 day simple moving average is GBX 0.42. 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 firm has a market capitalization of £3.24 million, a P/E ratio of 0.00 and a beta of 0.01.

Ascent Resources (LON:AST) last announced its earnings results on Monday, September 29th. The company reported GBX (34) earnings per share for the quarter. Ascent Resources had a negative net margin of 3,901.89% and a positive return on equity of 432.64%.

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.