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Caspian Sunrise (LON:CASP) Shares Down 6.8% - Time to Sell?

Caspian Sunrise logo with Energy background

Shares of Caspian Sunrise plc (LON:CASP - Get Free Report) fell 6.8% on Wednesday . The stock traded as low as GBX 1.82 ($0.02) and last traded at GBX 2.05 ($0.03). 4,288,352 shares were traded during mid-day trading, an increase of 462% from the average session volume of 762,538 shares. The stock had previously closed at GBX 2.20 ($0.03).

Caspian Sunrise Stock Performance

The company has a current ratio of 0.50, a quick ratio of 0.44 and a debt-to-equity ratio of 9.37. The firm has a 50-day simple moving average of GBX 2.62 and a two-hundred day simple moving average of GBX 2.85. The company has a market capitalization of £62.08 million, a price-to-earnings ratio of 5.85 and a beta of 1.95.

About Caspian Sunrise

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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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