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Ascent Resources ( (GB:AST) ) has shared an announcement.
Ascent Resources has granted options over 50 million ordinary shares to members of its senior management team, including 25 million options to Chief Executive David Patterson, under individual share option agreements. The options, exercisable at 0.65 pence per share and vesting in three equal tranches between July 2026 and July 2028 subject only to continued service, are designed to align management’s interests with those of shareholders and signal a commitment to incentivising leadership over the medium term, although they do not include additional performance conditions beyond tenure.
The most recent analyst rating on (GB:AST) stock is a Hold with a £0.34 price target. To see the full list of analyst forecasts on Ascent Resources stock, see the GB:AST Stock Forecast page.
Spark’s Take on GB:AST Stock
According to Spark, TipRanks’ AI Analyst, GB:AST is a Neutral.
The score is primarily constrained by weak financial performance—zero revenue in 2024, persistent losses, negative equity, rising debt, and ongoing cash burn. Technicals add further pressure with the stock below key moving averages and negative MACD, while valuation impact is neutral due to missing P/E and dividend data.
To see Spark’s full report on GB:AST stock, click here.
More about Ascent Resources
Ascent Resources plc is an onshore US-focused oil and gas company listed in London, engaged in the exploration and production of hydrocarbons, with its strategy centred on developing onshore energy assets in the United States.
Average Trading Volume: 1,065,945
Technical Sentiment Signal: Sell
Current Market Cap: £3.04M
For a thorough assessment of AST stock, go to TipRanks’ Stock Analysis page.