Vast Resources (LON:VAST) Trading 6.2% Higher – Still a Buy?

Shares of Vast Resources plc (LON:VAST) traded up 6.2% during trading on Tuesday . The stock traded as high as GBX 0.13 ($0.00) and last traded at GBX 0.12 ($0.00). 40,991,246 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 77,940,531 shares. The stock had previously closed at GBX 0.11 ($0.00).

Vast Resources Stock Performance

The firm’s fifty day moving average price is GBX 0.10 and its 200 day moving average price is GBX 0.10. The company has a current ratio of 0.29, a quick ratio of 0.15 and a debt-to-equity ratio of 540.43. The stock has a market capitalization of £2.17 million, a price-to-earnings ratio of -12.00 and a beta of 2.56.

Vast Resources Company Profile

Vast Resources plc engages in the exploration and development of mineral projects in Sub-Saharan Africa and Eastern Europe. The company explores for copper, zinc, silver, gold, and diamond deposits. It holds 100% interest in the Baita Plai Polymetallic Mine located in Romania; and 100% interest the Manaila Polymetallic Mine covering an area of approximately 138.6 hectares located in Romania; 29.41% interest in the Blueberry Polymetallic Gold project located in Baia de Aries, Western Romania; and interests in other Romanian prospects.