Ascent Resources (LON:AST) Sets New 52-Week Low – Should You Sell?

Ascent Resources Plc (LON:ASTGet Free Report) reached a new 52-week low during trading 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. The stock had previously closed at GBX 1.38 ($0.02).

Ascent Resources Stock Down 5.5 %

The company has a market capitalization of £3.91 million, a PE ratio of -1.33 and a beta of 0.01. The stock’s fifty day moving average is GBX 1.69 and its two-hundred day moving average is GBX 1.71. The company has a current ratio of 0.39, a quick ratio of 0.24 and a debt-to-equity ratio of -126.99.

Insider Buying and Selling at Ascent Resources

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

Ascent Resources Company Profile

(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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