Caspian Sunrise (LON:CASP) Shares Down 9.5% – Here’s What Happened

Caspian Sunrise plc (LON:CASPGet Free Report) shares were down 9.5% during mid-day trading on Friday . The company traded as low as GBX 2.22 and last traded at GBX 2.22. Approximately 537,442 shares traded hands during trading, a decline of 48% from the average daily volume of 1,042,383 shares. The stock had previously closed at GBX 2.45.

Caspian Sunrise Stock Performance

The company has a debt-to-equity ratio of 9.45, a quick ratio of 0.44 and a current ratio of 1.49. The stock’s fifty day moving average is GBX 2.61 and its two-hundred day moving average is GBX 2.39. The firm has a market capitalization of £52.24 million, a price-to-earnings ratio of 4.82 and a beta of 1.46.

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

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