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Ascent Resources ( (GB:AST) ) has issued an update.
Ascent Resources reported its interim results for the first half of 2025, highlighting several strategic developments. The company completed a shareholder distribution linked to its Energy Charter Treaty damages claim against Slovenia and expanded its U.S. operations by acquiring interests in oil and gas leases in Utah and Colorado. Ascent also resolved a dispute with Geoenergo D.o.o., leading to a favorable arbitration outcome. Leadership changes were made with the appointment of a new CEO and Chairman, and the company secured new funding and reduced costs. The resumption of operations at the Lisbon Valley gas processing plant is expected to enhance production capabilities, marking a significant step in Ascent’s growth strategy.
More about Ascent Resources
Ascent Resources Plc is a company focused on the onshore oil, gas, and helium markets in the United States. It is involved in acquiring and managing interests in oil and gas leases, with a significant presence in Utah and Colorado. The company also engages in legal and financial activities related to its operations in Slovenia.
Average Trading Volume: 4,370,296
Technical Sentiment Signal: Sell
Current Market Cap: £3.85M
For an in-depth examination of AST stock, go to TipRanks’ Overview page.