Ascent Resources (LON:AST) Trading 9.7% Higher – Here’s What Happened

Ascent Resources Plc (LON:AST) shot up 9.7% on Wednesday . The company traded as high as GBX 1.70 ($0.02) and last traded at GBX 1.70 ($0.02). 71,972 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 768,381 shares. The stock had previously closed at GBX 1.55 ($0.02).

Ascent Resources Price Performance

The company has a market cap of £3.93 million, a price-to-earnings ratio of -1.50 and a beta of 0.01. The company’s 50-day simple moving average is GBX 1.61 and its 200-day simple moving average is GBX 1.75. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.39 and a quick ratio of 0.24.

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.