Ascent Resources (LON:AST) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Ascent Resources Plc (LON:ASTGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1.61 ($0.02) and traded as low as GBX 0.91 ($0.01). Ascent Resources shares last traded at GBX 0.91 ($0.01), with a volume of 274,592 shares trading hands.

Ascent Resources Trading Down 4.1 %

The company has a quick ratio of 0.24, a current ratio of 0.39 and a debt-to-equity ratio of -126.99. The stock’s 50 day moving average is GBX 1.29 and its two-hundred day moving average is GBX 1.61. The company has a market capitalization of £2.74 million, a PE ratio of -0.93 and a beta of 0.01.

About Ascent Resources

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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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