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Ascent Resources ( (GB:AST) ) has shared an announcement.
Ascent Resources PLC has acquired a 49% stake in American Helium LLC’s upstream acreage in Utah and Colorado for $2 million, marking a strategic expansion in its US operations. Alongside this acquisition, Ascent plans a further distribution of its Energy Charter Treaty claim proceeds to stakeholders and has raised additional funds through new equity issuance, underscoring its commitment to enhancing shareholder value and capitalizing on energy transition opportunities.
More about Ascent Resources
Ascent Resources PLC is a company engaged in the exploration and production of natural resources, primarily focusing on oil, gas, and helium projects. The company has a strategic interest in upstream portfolios located in the United States, specifically in Utah and Colorado, where it is seeking to leverage helium-rich zones for potential development and production.
YTD Price Performance: -56.58%
Average Trading Volume: 191,346
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.48M
See more data about AST stock on TipRanks’ Stock Analysis page.
