Ascent Resources (LON:AST) Share Price Passes Above 200-Day Moving Average – What’s Next?

Ascent Resources Plc (LON:ASTGet Free Report)’s stock price crossed 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 ($0.03). Ascent Resources shares last traded at GBX 2.04 ($0.02), with a volume of 387,419 shares changing hands.

Ascent Resources Trading Down 0.7 %

The company has a quick ratio of 0.24, a current ratio of 0.39 and a debt-to-equity ratio of 1.37. The firm’s 50 day moving average is GBX 1.78 and its two-hundred day moving average is GBX 1.76. The stock has a market cap of £4.85 million, a price-to-earnings ratio of -1.87 and a beta of 0.01.

Insider Transactions at Ascent Resources

In other Ascent Resources news, insider Andrew Dennan sold 2,173,913 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of GBX 2 ($0.02), for a total transaction of £43,478.26 ($53,197.43). Insiders own 57.76% of the company’s stock.

About Ascent Resources

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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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