Caspian Sunrise (LON:CASP) Trading 1.6% Higher – What’s Next?

Caspian Sunrise plc (LON:CASPGet Free Report) shares shot up 1.6% during mid-day trading on Tuesday . The stock traded as high as GBX 3.20 ($0.04) and last traded at GBX 3.20 ($0.04). 805,801 shares were traded during mid-day trading, a decline of 38% from the average session volume of 1,291,544 shares. The stock had previously closed at GBX 3.15 ($0.04).

Caspian Sunrise Stock Up 1.6 %

The stock has a market cap of £72 million, a price-to-earnings ratio of -33.00 and a beta of 1.95. The firm’s 50-day moving average is GBX 3.18 and its 200 day moving average is GBX 3.60. The company has a debt-to-equity ratio of 17.99, a current ratio of 0.49 and a quick ratio of 0.44.

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.

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