Ascent Resources (LON:AST) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Ascent Resources Plc (LON:AST)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1.75 ($0.02) and traded as low as GBX 1.50 ($0.02). Ascent Resources shares last traded at GBX 1.50 ($0.02), with a volume of 2,195,906 shares changing hands.

Ascent Resources Price Performance

The company has a quick ratio of 0.24, a current ratio of 0.39 and a debt-to-equity ratio of -126.99. The stock’s 50 day moving average price is GBX 1.91 and its two-hundred day moving average price is GBX 1.75. The firm has a market capitalization of £4.66 million, a price-to-earnings ratio of -1.58 and a beta of 0.01.

Insiders Place Their Bets

In other Ascent Resources news, insider Andrew Dennan sold 2,173,913 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of GBX 2 ($0.03), for a total transaction of £43,478.26 ($55,140.47). Insiders own 57.76% of the company’s stock.

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.