Caspian Sunrise (LON:CASP) Trading 23.2% Higher – Should You Buy?

Caspian Sunrise plc (LON:CASP) rose 23.2% during trading on Thursday . The company traded as high as GBX 3.50 ($0.04) and last traded at GBX 3.45 ($0.04). Approximately 2,129,224 shares were traded during mid-day trading, an increase of 63% from the average daily volume of 1,305,248 shares. The stock had previously closed at GBX 2.80 ($0.04).

Caspian Sunrise Trading Down 2.9 %

The company has a debt-to-equity ratio of 17.99, a quick ratio of 0.44 and a current ratio of 0.49. The firm has a market capitalization of £76.50 million, a P/E ratio of -33.00 and a beta of 1.95. The firm has a 50 day simple moving average of GBX 3.32 and a two-hundred day simple moving average of GBX 3.64.

About Caspian Sunrise

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.