Ascent Resources (LON:AST) Sets New 12-Month Low – Should You Sell?

Ascent Resources Plc (LON:AST)’s stock price reached a new 52-week low on Monday . The company traded as low as GBX 1.40 ($0.02) and last traded at GBX 1.40 ($0.02), with a volume of 93644 shares traded. The stock had previously closed at GBX 1.45 ($0.02).

Ascent Resources Stock Performance

The company has a current ratio of 0.39, a quick ratio of 0.24 and a debt-to-equity ratio of -126.99. The stock’s 50 day moving average price is GBX 1.81 and its two-hundred day moving average price is GBX 1.73. The firm has a market capitalization of £4.21 million, a price-to-earnings ratio of -1.43 and a beta of 0.01.

Insider Buying and Selling at Ascent Resources

In other news, insider Andrew Dennan sold 2,173,913 shares of Ascent Resources stock in a transaction on Friday, December 20th. The stock was sold at an average price of GBX 2 ($0.03), for a total transaction of £43,478.26 ($56,289.82). 57.76% of the stock is currently owned by corporate insiders.

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.