Caspian Sunrise (LON:CASP) Trading Up 0.2% – Time to Buy?

Shares of Caspian Sunrise plc (LON:CASP) were up 0.2% during mid-day trading on Thursday . The stock traded as high as GBX 2.95 ($0.04) and last traded at GBX 2.91 ($0.04). Approximately 243,413 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 479,360 shares. The stock had previously closed at GBX 2.90 ($0.04).

Caspian Sunrise Stock Up 0.2 %

The firm’s 50-day simple moving average is GBX 3.07 and its 200 day simple moving average is GBX 3.54. 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 stock has a market capitalization of £65.39 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.