Ascent Resources (LON:AST) Stock Price Up 36.4% – Should You Buy?

Ascent Resources Plc (LON:AST) shares shot up 36.4% on Friday . The stock traded as high as GBX 2.40 ($0.03) and last traded at GBX 2.25 ($0.03). 5,319,208 shares were traded during mid-day trading, an increase of 587% from the average session volume of 774,674 shares. The stock had previously closed at GBX 1.65 ($0.02).

Ascent Resources Stock Up 22.8 %

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 business has a 50-day simple moving average of GBX 1.60 and a 200-day simple moving average of GBX 1.74. The stock has a market cap of £4.82 million, a P/E ratio of -1.86 and a beta of 0.01.

Ascent Resources Company Profile

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.