Ascent Resources (LON:AST) Sets New 1-Year Low – What’s Next?

Shares of Ascent Resources Plc (LON:AST) reached a new 52-week low on Wednesday . The company traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.30 ($0.02), with a volume of 54643 shares changing hands. The stock had previously closed at GBX 1.38 ($0.02).

Ascent Resources Stock Performance

The company has a 50-day moving average of GBX 1.69 and a 200-day moving average of GBX 1.71. The company has a market cap of £3.91 million, a PE ratio of -1.33 and a beta of 0.01. The company has a quick ratio of 0.24, a current ratio of 0.39 and a debt-to-equity ratio of -126.99.

Insiders Place Their Bets

In other news, insider Andrew Dennan acquired 550,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of GBX 2 ($0.03) per share, for a total transaction of £11,000 ($14,263.49). Insiders own 57.76% of the company’s stock.

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.