Vast Resources (LON:VAST) Shares Down 12.4% – What’s Next?

Vast Resources plc (LON:VAST)’s share price fell 12.4% during mid-day trading on Monday . The company traded as low as GBX 0.34 ($0.00) and last traded at GBX 0.39 ($0.01). 146,158,281 shares traded hands during mid-day trading, an increase of 75% from the average session volume of 83,557,055 shares. The stock had previously closed at GBX 0.45 ($0.01).

Vast Resources Stock Performance

The stock has a 50-day moving average of GBX 0.40 and a 200-day moving average of GBX 0.24. The firm has a market cap of £7.06 million, a price-to-earnings ratio of -39.00 and a beta of 2.56. The company has a debt-to-equity ratio of 540.43, a quick ratio of 0.15 and a current ratio of 0.29.

Vast Resources Company Profile

Vast Resources plc engages in the exploration and development of mineral projects in Sub-Saharan Africa and Eastern Europe. The company explores for copper, zinc, silver, gold, and diamond deposits. It holds 100% interest in the Baita Plai Polymetallic Mine located in Romania; and 100% interest the Manaila Polymetallic Mine covering an area of approximately 138.6 hectares located in Romania; 29.41% interest in the Blueberry Polymetallic Gold project located in Baia de Aries, Western Romania; and interests in other Romanian prospects.