Caspian Sunrise (LON:CASP) Trading 1.6% Higher – Here’s Why

Caspian Sunrise plc (LON:CASP) shot up 1.6% on Tuesday . The company traded as high as GBX 3.20 ($0.04) and last traded at GBX 3.20 ($0.04). 805,801 shares were traded during trading, a decline of 38% from the average session volume of 1,291,544 shares. The stock had previously closed at GBX 3.15 ($0.04).

Caspian Sunrise Stock Performance

The company has a 50 day simple moving average of GBX 3.16 and a 200-day simple moving average of GBX 3.60. The company has a debt-to-equity ratio of 17.99, a current ratio of 0.49 and a quick ratio of 0.44. The stock has a market cap of £70.74 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.