Caspian Sunrise (LON:CASP) Trading Down 4.5% – Here’s What Happened

Caspian Sunrise plc (LON:CASP)’s share price was down 4.5% during trading on Tuesday . The company traded as low as GBX 2.50 and last traded at GBX 2.63. Approximately 235,775 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 2,031,744 shares. The stock had previously closed at GBX 2.75.

Caspian Sunrise Price Performance

The company has a debt-to-equity ratio of 9.37, a quick ratio of 0.44 and a current ratio of 0.50. The stock’s fifty day moving average price is GBX 2.62 and its 200-day moving average price is GBX 2.32. The firm has a market cap of £61.85 million, a PE ratio of 5.05 and a beta of 1.95.

About Caspian Sunrise

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. It also offers onshore drilling and repair services; and offshore drilling services.