Caspian Sunrise (LON:CASP) Shares Down 3.7% - Time to Sell?

Shares of Caspian Sunrise plc (LON:CASP - Get Free Report) dropped 3.7% during trading on Tuesday . The stock traded as low as GBX 2.60 ($0.04) and last traded at GBX 2.60 ($0.04). Approximately 328,068 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 688,875 shares. The stock had previously closed at GBX 2.70 ($0.04).

Caspian Sunrise Stock Performance

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 stock has a 50-day simple moving average of GBX 2.74 and a 200-day simple moving average of GBX 2.95. The stock has a market cap of £77.60 million, a P/E ratio of 7.31 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.