Caspian Sunrise (LON:CASP) Stock Price Down 6.7% – Here’s Why

Caspian Sunrise plc (LON:CASP)’s stock price dropped 6.7% during mid-day trading on Wednesday . The company traded as low as GBX 2.10 and last traded at GBX 2.10. Approximately 4,613 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 911,098 shares. The stock had previously closed at GBX 2.25.

Caspian Sunrise Trading Up 5.3%

The company has a quick ratio of 0.44, a current ratio of 1.49 and a debt-to-equity ratio of 9.45. The business’s 50 day moving average is GBX 2.26 and its 200-day moving average is GBX 2.42. The firm has a market cap of £55.84 million, a P/E ratio of 5.15 and a beta of 1.39.

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.