Ascent Resources (LON:AST) Hits New 52-Week Low – Time to Sell?

Shares of Ascent Resources Plc (LON:ASTGet Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 1 ($0.01) and last traded at GBX 1.10 ($0.01), with a volume of 42524 shares. The stock had previously closed at GBX 1.13 ($0.01).

Ascent Resources Price Performance

The company’s 50-day moving average price is GBX 1.51 and its 200-day moving average price is GBX 1.67. The company has a debt-to-equity ratio of -126.99, a current ratio of 0.39 and a quick ratio of 0.24. The company has a market cap of £3.31 million, a P/E ratio of -1.12 and a beta of 0.01.

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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