Ascent Resources (AST) Shares Up 18.6%

Shares of Ascent Resources (LON:AST) shot up 18.6% on Monday . The company traded as high as GBX 1.37 ($0.02) and last traded at GBX 1.28 ($0.02). 50,373,502 shares changed hands during trading, an increase of 188% from the average session volume of 17,490,000 shares. The stock had previously closed at GBX 1.08 ($0.01).

Ascent Resources (LON:AST) last released its quarterly earnings results on Tuesday, April 17th. The company reported GBX (0.10) ($0.00) EPS for the quarter. Ascent Resources had a negative return on equity of 6.57% and a negative net margin of 791.56%.

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Ascent Resources Company Profile

Ascent Resources plc operates as an independent oil and gas exploration and production company in Slovenia. It holds a 75% interest in the Peti?ovci Tight gas project, which covers an area of 98 square kilometers located in north eastern Slovenia. The company was founded in 2004 and is headquartered in London, the United Kingdom.

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