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Caspian Sunrise (LON:CASP) Shares Up 1.2% - Here's Why

Caspian Sunrise logo with Energy background

Caspian Sunrise plc (LON:CASP - Get Free Report)'s share price was up 1.2% during mid-day trading on Friday . The company traded as high as GBX 2.79 ($0.04) and last traded at GBX 2.78 ($0.04). Approximately 1,015,761 shares traded hands during trading, an increase of 44% from the average daily volume of 703,453 shares. The stock had previously closed at GBX 2.75 ($0.04).

Caspian Sunrise Price Performance

The stock's 50-day moving average price is GBX 2.88 and its 200 day moving average price is GBX 3.02. The company has a quick ratio of 0.44, a current ratio of 0.50 and a debt-to-equity ratio of 9.37. The firm has a market capitalization of £80.14 million, a price-to-earnings ratio of 7.55 and a beta of 1.95.

About Caspian Sunrise

(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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