Zak Mir on X23 Feb 2026 23:34
This brings me to the risers of the week, starting with Ascent Resources (AST). Shares of AST rose 36% on Friday. The backstory here is that we have been waiting on its Energy Charter Treaty claim against the Republic of Slovenia, with last month AST saying it expected that the Tribunal’s award on merits will be issued towards the end of Q1 2026. Clearly, some bright spark has realised we are approaching the end of the first quarter, and a €656m might make a decent difference to a company with a £3.6m market cap. How funny would it be if the claim was won, and we had the memory of the stock only having a micro market cap just a few weeks before. As I said, not forward looking at all. Chart wise the shares are in a price channel promising 0.65p by the end of next month, and closed above their 200 day moving average at 0.43p on Friday.