Caspian Sunrise (LON:CASP) Stock Price Up 23.2% – Here’s What Happened

Caspian Sunrise plc (LON:CASP)’s share price was up 23.2% during mid-day trading on Thursday . The stock traded as high as GBX 3.50 ($0.04) and last traded at GBX 3.45 ($0.04). Approximately 2,129,224 shares were traded during trading, an increase of 63% from the average daily volume of 1,305,248 shares. The stock had previously closed at GBX 2.80 ($0.04).

Caspian Sunrise Stock Down 2.9 %

The stock has a 50 day moving average price of GBX 3.32 and a 200 day moving average price of GBX 3.64. The company has a debt-to-equity ratio of 17.99, a quick ratio of 0.44 and a current ratio of 0.49. The company has a market capitalization of £76.50 million, a P/E ratio of -33.00 and a beta of 1.95.

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.