Ascent Resources (LON:AST) Trading 13.6% Higher – Here’s What Happened

Ascent Resources Plc (LON:AST)’s stock price rose 13.6% on Thursday . The company traded as high as GBX 0.55 and last traded at GBX 0.51. Approximately 2,469,030 shares traded hands during trading, a decline of 13% from the average daily volume of 2,836,011 shares. The stock had previously closed at GBX 0.45.

Ascent Resources Stock Up 4.6%

The firm has a market capitalization of £4.24 million, a PE ratio of -0.01 and a beta of 0.01. The firm’s 50 day moving average price is GBX 0.41 and its two-hundred day moving average price is GBX 0.43. The company has a quick ratio of 0.24, a current ratio of 0.44 and a debt-to-equity ratio of -180.60.

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.