Ascent Resources (LON:AST) Hits New 1-Year Low – Time to Sell?

Ascent Resources Plc (LON:AST) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 1.50 ($0.02) and last traded at GBX 1.60 ($0.02), with a volume of 897563 shares changing hands. The stock had previously closed at GBX 1.63 ($0.02).

Ascent Resources Trading Down 1.5 %

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 stock has a market capitalization of £3.81 million, a price-to-earnings ratio of -1.47 and a beta of 0.01. The business has a fifty day simple moving average of GBX 1.69 and a 200 day simple moving average of GBX 1.84.

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.