Vast Resources (LON:VAST) Trading Up 7.6% – Here’s What Happened

Vast Resources plc (LON:VAST) shot up 7.6% during mid-day trading on Wednesday . The stock traded as high as GBX 0.12 ($0.00) and last traded at GBX 0.11 ($0.00). 32,739,133 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 37,971,762 shares. The stock had previously closed at GBX 0.11 ($0.00).

Vast Resources Price Performance

The company has a current ratio of 0.29, a quick ratio of 0.15 and a debt-to-equity ratio of 540.43. The company has a market cap of £2.35 million, a price-to-earnings ratio of -13.00 and a beta of 2.56. The business has a 50-day moving average price of GBX 0.09 and a 200 day moving average price of GBX 0.10.

About Vast Resources

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.