Ascent Resources (LON:AST) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

by · The Cerbat Gem

Shares of Ascent Resources Plc (LON:AST – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.42 and traded as low as GBX 0.40. Ascent Resources shares last traded at GBX 0.40, with a volume of 475,751 shares trading hands.

Ascent Resources Trading Down 5.9%

The firm’s fifty day simple moving average is GBX 0.46 and its 200 day simple moving average is GBX 0.42. The stock has a market capitalization of £3.24 million, a P/E ratio of 0.00 and a beta of 0.01. The company has a debt-to-equity ratio of -126.99, a quick ratio of 0.24 and a current ratio of 0.39.

Ascent Resources (LON:AST – Get Free Report) last posted its quarterly earnings data 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

(Get Free Report)

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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