Caspian Sunrise (LON:CASP) Trading Down 7.9% – What’s Next?

Shares of Caspian Sunrise plc (LON:CASP) traded down 7.9% during mid-day trading on Wednesday . The company traded as low as GBX 2.23 and last traded at GBX 2.39. 4,101,631 shares changed hands during mid-day trading, an increase of 205% from the average session volume of 1,344,903 shares. The stock had previously closed at GBX 2.60.

Caspian Sunrise Stock Performance

The company’s 50 day simple moving average is GBX 2.77 and its 200 day simple moving average is GBX 2.37. 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 stock has a market cap of £56.41 million, a PE ratio of 5.20 and a beta of 1.95.

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. It also offers onshore drilling and repair services; and offshore drilling services.