Caspian Sunrise (LON:CASP) Shares Down 3.7% – Here’s Why

Caspian Sunrise plc (LON:CASPGet Free Report) shares traded down 3.7% on Tuesday . The stock traded as low as GBX 2.60 ($0.04) and last traded at GBX 2.60 ($0.04). 328,068 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 688,875 shares. The stock had previously closed at GBX 2.70 ($0.04).

Caspian Sunrise Price Performance

The company has a fifty day simple moving average of GBX 2.76 and a two-hundred day simple moving average of GBX 2.95. The company has a debt-to-equity ratio of 9.37, a quick ratio of 0.44 and a current ratio of 0.50. The company has a market capitalization of £79.72 million, a price-to-earnings ratio of 7.51 and a beta of 1.95.

About Caspian Sunrise

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Caspian Sunrise plc engages in the exploration and production of oil and gas assets in Central Asia. The company operates through Exploration for and Production of Crude Oil; Onshore Drilling Services; and Offshore Drilling Services segments. It explores for and produces crude oil. The company holds a 99% interest in its principal asset, the BNG Contract Area, which covers an area of 1,561 square kilometers located in the Mangistau Oblast in the west of Kazakhstan.

Further Reading

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