Caspian Sunrise (LON:CASP) Trading Down 20.5% - Time to Sell?

Caspian Sunrise plc (LON:CASP - Get Free Report)'s stock price traded down 20.5% on Monday . The stock traded as low as GBX 2.02 ($0.03) and last traded at GBX 2.07 ($0.03). 1,318,685 shares changed hands during mid-day trading, an increase of 96% from the average session volume of 673,469 shares. The stock had previously closed at GBX 2.60 ($0.03).

Caspian Sunrise Trading Down 1.6%

The firm has a market capitalization of £58.30 million, a price-to-earnings ratio of 5.49 and a beta of 1.95. The business's 50 day moving average price is GBX 2.71 and its 200-day moving average price is GBX 2.91. The company has a debt-to-equity ratio of 9.37, a current ratio of 0.50 and a quick ratio of 0.44.

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.