Ascent Resources Plc (LON:AST – Get Free Report) was down 10.5% during trading on Monday . The company traded as low as GBX 1.70 ($0.02) and last traded at GBX 1.70 ($0.02). Approximately 1,195,742 shares traded hands during trading, an increase of 46% from the average daily volume of 820,153 shares. The stock had previously closed at GBX 1.90 ($0.02).
Ascent Resources Stock Performance
The stock has a market capitalization of £4.05 million, a PE ratio of -1.56 and a beta of 0.01. The business’s fifty day moving average is GBX 1.92 and its two-hundred day moving average is GBX 1.77. The company has a quick ratio of 0.24, a current ratio of 0.39 and a debt-to-equity ratio of 1.37.
Insiders Place Their Bets
In other news, insider Andrew Dennan sold 2,173,913 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of GBX 2 ($0.02), for a total value of £43,478.26 ($53,876.41). Corporate insiders own 57.76% of the company’s stock.
About Ascent Resources
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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