Caspian Sunrise (LON:CASP) Trading Up 8% – Here’s What Happened

Caspian Sunrise plc (LON:CASP)’s share price shot up 8% on Wednesday . The company traded as high as GBX 2.45 and last traded at GBX 2.27. 2,202,005 shares were traded during mid-day trading, an increase of 118% from the average session volume of 1,010,069 shares. The stock had previously closed at GBX 2.10.

Caspian Sunrise Stock Up 17.6%

The company has a 50-day moving average of GBX 2.33 and a 200-day moving average of GBX 2.40. The company has a current ratio of 1.49, a quick ratio of 0.44 and a debt-to-equity ratio of 9.45. The company has a market capitalization of £58.20 million, a price-to-earnings ratio of 5.37 and a beta of 1.39.

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