Caspian Sunrise (LON:CASP) Trading 0.2% Higher – Here’s Why

Shares of Caspian Sunrise plc (LON:CASP) shot up 0.2% during mid-day trading on Thursday . The stock traded as high as GBX 2.95 ($0.04) and last traded at GBX 2.91 ($0.04). 243,413 shares were traded during trading, a decline of 49% from the average session volume of 479,360 shares. The stock had previously closed at GBX 2.90 ($0.04).

Caspian Sunrise Price Performance

The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 17.99. The stock has a 50-day moving average price of GBX 3.05 and a 200 day moving average price of GBX 3.53. The stock has a market capitalization of £64.80 million, a price-to-earnings ratio of -33.00 and a beta of 1.95.

Caspian Sunrise Company Profile

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.