Ascent Resources (LON:AST) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Ascent Resources Plc (LON:ASTGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1.76 ($0.02) and traded as high as GBX 2.05 ($0.02). Ascent Resources shares last traded at GBX 2.04 ($0.02), with a volume of 387,419 shares.

Ascent Resources Price Performance

The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.24 and a current ratio of 0.39. The firm’s fifty day simple moving average is GBX 1.79 and its 200 day simple moving average is GBX 1.76. The firm has a market cap of £4.79 million, a P/E ratio of -1.84 and a beta of 0.01.

Insider Activity at Ascent Resources

In related news, insider Andrew Dennan sold 2,173,913 shares of the business’s stock in a transaction 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 ($52,899.70). 57.76% of the stock is owned by corporate insiders.

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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