Ascent Resources (LON:AST) Stock Price Down 10.5% – Here’s What Happened

Shares of Ascent Resources Plc (LON:AST) were down 10.5% during trading on Monday . The company traded as low as GBX 1.70 ($0.02) and last traded at GBX 1.70 ($0.02). Approximately 1,195,742 shares were traded during trading, an increase of 46% from the average daily volume of 820,153 shares. The stock had previously closed at GBX 1.90 ($0.02).

Ascent Resources Stock Down 10.5 %

The company’s 50-day simple moving average is GBX 1.92 and its two-hundred day simple moving average is GBX 1.77. The firm has a market capitalization of £4.05 million, a P/E ratio of -1.56 and a beta of 0.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.39 and a quick ratio of 0.24.

Insider Transactions at Ascent Resources

In related news, insider Andrew Dennan sold 2,173,913 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of GBX 2 ($0.02), for a total value of £43,478.26 ($53,876.41). 57.76% of the stock is currently owned by company insiders.

Ascent Resources Company Profile

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.