Ascent Resources (LON:AST) Shares Down 11.1% – Here’s What Happened

Ascent Resources Plc (LON:AST)’s share price dropped 11.1% on Wednesday . The company traded as low as GBX 0.40 and last traded at GBX 0.40. Approximately 156,156 shares changed hands during trading, a decline of 93% from the average daily volume of 2,366,851 shares. The stock had previously closed at GBX 0.45.

Ascent Resources Stock Up 7.3%

The company has a market capitalization of £3.92 million, a P/E ratio of 0.00 and a beta of 0.01. 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 50 day moving average of GBX 0.44 and a 200-day moving average of GBX 0.49.

Ascent Resources (LON:AST) last posted its earnings results on Monday, September 29th. The company reported GBX (34) earnings per share (EPS) for the quarter. Ascent Resources had a negative net margin of 3,901.89% and a positive return on equity of 432.64%.

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.