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Caspian Sunrise (LON:CASP) Stock Price Down 2.2% - Time to Sell?

Caspian Sunrise logo with Energy background

Caspian Sunrise plc (LON:CASP - Get Free Report) dropped 2.2% during mid-day trading on Monday . The company traded as low as GBX 2.56 ($0.03) and last traded at GBX 2.64 ($0.04). Approximately 160,000 shares traded hands during trading, a decline of 76% from the average daily volume of 658,748 shares. The stock had previously closed at GBX 2.70 ($0.04).

Caspian Sunrise Price Performance

The business's fifty day moving average is GBX 2.77 and its 200-day moving average is GBX 2.95. 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 firm has a market cap of £76.19 million, a PE ratio of 7.18 and a beta of 1.95.

Caspian Sunrise Company Profile

(Get Free Report)

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.

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