Vast Resources (LON:VAST) Stock Price Down 6.5% – Here’s What Happened

Vast Resources plc (LON:VAST) shares dropped 6.5% on Wednesday. The stock traded as low as GBX 3.25 and last traded at GBX 3.39. Approximately 6,041,494 shares changed hands during trading, an increase of 120% from the average session volume of 2,741,127 shares. The stock had previously closed at GBX 3.62.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “house stock” rating on shares of Vast Resources in a research report on Wednesday, August 19th.

Vast Resources Stock Down 6.5%

The company’s fifty day simple moving average is GBX 4.16 and its 200 day simple moving average is GBX 4.42. 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 firm has a market capitalization of £56.04 million, a P/E ratio of -0.62 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.