Caspian Sunrise (LON:CASP) Trading Down 12.4% – What’s Next?

Caspian Sunrise plc (LON:CASP)’s stock price dropped 12.4% during mid-day trading on Monday . The stock traded as low as GBX 2.94 ($0.04) and last traded at GBX 2.94 ($0.04). Approximately 1,625,254 shares were traded during mid-day trading, an increase of 213% from the average daily volume of 518,533 shares. The stock had previously closed at GBX 3.35 ($0.04).

Caspian Sunrise Stock Performance

The company has a 50 day moving average of GBX 3.05 and a two-hundred day moving average of GBX 3.31. The company has a debt-to-equity ratio of 9.37, a current ratio of 0.50 and a quick ratio of 0.44. The company has a market capitalization of £82.40 million, a PE ratio of 7.77 and a beta of 1.95.

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.