Caspian Sunrise (LON:CASP) Shares Up 5.3% – Here’s Why

Caspian Sunrise plc (LON:CASP)’s stock price shot up 5.3% during mid-day trading on Wednesday . The stock traded as high as GBX 2.15 and last traded at GBX 2.14. 271,587 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 858,962 shares. The stock had previously closed at GBX 2.03.

Caspian Sunrise Stock Performance

The company has a market cap of £50.00 million, a P/E ratio of 4.61 and a beta of 1.39. The firm has a 50 day moving average of GBX 2.27 and a 200-day moving average of GBX 2.44. The company has a quick ratio of 0.44, a current ratio of 1.49 and a debt-to-equity ratio of 9.45.

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