Ascent Resources (LON:AST) Shares Up 12.5% – Here’s Why

Ascent Resources Plc (LON:AST)’s stock price shot up 12.5% on Friday . The company traded as high as GBX 0.90 ($0.01) and last traded at GBX 0.90 ($0.01). 901,285 shares traded hands during trading, an increase of 43% from the average session volume of 629,047 shares. The stock had previously closed at GBX 0.80 ($0.01).

Ascent Resources Trading Up 12.5%

The stock has a market cap of £2.71 million, a P/E ratio of -0.92 and a beta of 0.01. The stock’s 50-day moving average is GBX 1.06 and its two-hundred day moving average is GBX 1.51. The company has a debt-to-equity ratio of -126.99, a current ratio of 0.39 and a quick ratio of 0.24.

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.