Ascent Resources (LON:AST) Shares Cross Below 200 Day Moving Average – What’s Next?

Ascent Resources Plc (LON:ASTGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1.75 ($0.02) and traded as low as GBX 1.50 ($0.02). Ascent Resources shares last traded at GBX 1.50 ($0.02), with a volume of 2,195,906 shares traded.

Ascent Resources Stock Down 3.1 %

The stock has a market capitalization of £4.66 million, a P/E ratio of -1.58 and a beta of 0.01. The stock’s fifty day moving average is GBX 1.91 and its two-hundred day moving average is GBX 1.75. The company has a debt-to-equity ratio of -126.99, a current ratio of 0.39 and a quick ratio of 0.24.

Insiders Place Their Bets

In related news, insider Andrew Dennan sold 2,173,913 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of GBX 2 ($0.03), for a total transaction of £43,478.26 ($55,140.47). Corporate insiders own 57.76% of the company’s stock.

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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